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Updated over 3 years ago,

User Stats

10
Posts
4
Votes
Sung Park
4
Votes |
10
Posts

Buying a condo in Chicago

Sung Park
Posted

Hello everyone, this is my second post. I learned a lot from my first post thanks to this wonderful forum. After some thoughtful consideration, I am leaning towards getting a condo for primary residence/investment. Since me and my gf are both working in the loop 10min< commute is just too hard to pass by. I have been looking a lot of condos and it seems like 250k is an average price for a 1 bedroom condo. However, looking at the costs, it seems like it will be around 2500 to 3000 dollars in mortgage interest, HOA etc. Whereas rent is around 1800 dollars. I really want to get my first property and it seems like prices are going to rise soon so getting into the market seems like a reasonable idea. 212 w washington st condo seemed very good but too many units and a lot of them in the market seemed like something was wrong. I could use any advice or suggestions. Thanks again in advance.

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