What can you get for $750,000 in Chicago? Quite a lot
One of the benefits of buying a home in Chicago? There’s plenty of condos and single-family homes from which to choose, at most every price point.
A good example? Crain’s Chicago Business recently ran a feature looking at two different Chicago homes that recently sold for $750,000.
Crain’s said that about 125 homes in the Chicago area sold for $750,000 in the month leading up to its story. That includes the two homes that Crain’s featured in its story. The first is a modernist townhouse in the Old Town neighborhood that comes with 1,775 square feet. The townhouse sits within a short walk of Lincoln Park and North Avenue Beach. It’s also near the shops and restaurants of Wells Street and North Avenue.
The second house is in Chicago’s North Center neighborhood. This property comes with 3,000 square feet and four bedrooms. The house has an open floor plan and is a short walk from Welles Park, considered the social center of the busy Lincoln Square neighborhood.
Of course, $750,000 is a big price tag. But the good news is that you can spend a lot less for a quality single-family home or condo in Chicago, even in the city’s most popular neighborhoods.
The key to finding the right Chicago home at the right price? That’s about working with a REALTOR® who knows the neighborhoods in which you want to buy. A REALTOR® can help you determine when a condo or single-family home is priced fairly or when its owners are asking for too much. A REALTOR® can also help you through the often heated negotiation process, making sure that you don’t overpay for a home and that you move into it according to your best timeline.
This remains a good time to buy a home in Chicago, whether you’re spending $750,000 or $250,000. Just remember to work with a real estate professional who can guide you through the process.