Options- condo didn’t sell

[Shaoqing Xu]

Chicago downtown 1 bed room luxury high rise, has been on market since 2019 July.

Looking for any other option other than sell or rent out?

$325,00 purchase cost.

For sale price lowered from $419,000 to $389,000.

5 other 1 bedroom on sale in same condo, lowest price $359,000.

There is 0 unit sold in this condo since city decide to raise property tax by 33% mid 2019, made $6000/year tax became $9000.

Family with one child and grandfather living in another 2 bedroom paid off.

If rent out: $2400 income. $2900 cost including mortgage tax insurance assessment.

Was plan to sell 1 bed to buy into 3 bedroom new condo / or rent.