Sell my condo or re finance and rent?

[Lawrence Ajao]

Hey all

Looking for some real estate advice and where better to start than the bigger pockets forums.

A few years ago (before i was wiser and looking into real estate properly) I bought an expensive condo in downtown Chicago. I now need to move to have space for my family and would love to house hack.

My mortgage rate is high at 5.5% and a new huge 10 yr development is potentially to be built right in front of my condo view of downtown.

I am now in a situation where I can sell the condo but will have to pay near 30-40k as the market is down. So all my savings.

Or refinance to a decent rate and rent the unit, but still have to cover near $700 a month, if I can rent the property with a potential 10 yr building site next door.

Any thoughts or advice would be greatly appreciated.