Post By homes4sale in Chicago Home Buying
Say your budget for a home in Chicago is $200,000… Exactly what type of property can you buy for that price? Let’s just see…
There isn’t much in the Loop for $200,000 right now, but for the most part you’ll find studios and one-bedroom condos or lofts with one bathroom listed in the $200,000 price range (give or take $5K). Square footage ranges from 550 to 800, and the building type could be high-rise condominiums or rehabbed lofts. Assessments generally cost between $200 and $380 per month. Street parking may be available, but a unit with garage space is hard to come by and would most likely cost extra.
Rogers Park has a lot more properties for sale in the $200,000 price range than in downtown. This northern most Chicago neighborhood is dotted with two-bedroom condos listed for $200,000 (plus or minus $5,000). These $200K Chicago homes for sale in Rogers Park include newly renovated loft spaces and condo conversions (equipped with modern upgrades like granite kitchen countertops and natural hardwood floors throughout). Many of the properties are located in older courtyard complexes or low-rise brick buildings. Assessments hover around $150 and parking is limited to mostly street spaces.
On Chicago’s south side, in the Morgan Park neighborhood, you can find a refurbished four-bedroom bungalow or two-story, sided house for $200,000. These private Chicago houses are a great deal for families because the properties also include your own backyard.