How Much House Does $150,000 Get You in Chicago?
In the first of our four-part bang-for-your-buck series, we've rounded up five Chicago homes for right around $150K.
Prices have dropped and inventory has climbed. Right? But what's a dollar worth in Chicago real estate? The median home price here is now around $140,000. What can we get? Well, it depends. Price trends, the neighborhood and whether we're talking turn-key or turn loose the paint crew. For the first of our four-part bang-for-your-buck series we contacted real estate pros to round up five homes – from condos to bungalows to DIY rehabs – to show dollar-for-dollar what around $150,000 buys you today.
Hyde Park. Even if you're not college bound, take a peek at this sweet 2-bedroom condo at 1020 East 52nd Street. A vintage lovely, close to University of Chicago campus and the must-try gourmet sandwich shop Zaleski & Horvath Market Café. You've got space. About 1,200 square feet. Entertaining? Start a tradition in this formal dining room with a cool craftsman buffet built-in. Sale prices in Hyde Park are on the upswing with the average around $189,000. But watch out: the average listing price is $329,972, and per square foot – at $191 – is actually higher than in Chicago. This is a genuine deal. Asking $154,495 and repped by Linda Ross of Baird & Warner. Perk: Less crowded lakefront.