All Forum Posts by: Rahul Balla

Thanks a lot guys! Appreciate it. What do you guys think about River North? Specifically west of LaSalle and south of Chicago Ave. I do not like the area close to Michigan Ave because it is too commercial and noisy. West of LaSalle seems a little quieter and more residential. And I thought the Kingsbury area was pretty good as well. What do you guys think?

@Crystal Smith thank you for providing that data. It was insightful. Do you have similar data for River North and West Loop?

Hi everyone,

My name is Rahul and I live in Chicago downtown. I currently own six properties in Indiana and I'm now looking to buy a condo here in Chicago for personal residence. I know condos might not be the best investment, but I'd rather own something in the city than keep paying rising rent. 

I'm looking for a 2-bed, 2-bath condo priced under $500,000, with a 10% down payment. Since there's a chance I might move away in about 3-4 years, I want to make sure I can rent it out later and cover all my expenses with the rental income.

Can anyone recommend areas in downtown Chicago that would fit my criteria and might appreciate a bit over time? I know condo prices here don't usually go up a lot, but I'm hoping to find a good spot. Also, I do understand that there are many variables to my question such as interest rates, etc but any insight on good areas where rents keep increasing would be appreciated.

Thanks in advance for any advice! Let me know if you need more details.