Moving to Chicago and curious re: Condo Market

[Joseph Bruzzese]

Hey Everyone, I am moving to Chicago from the northeast with my girlfriend (plan for mid-late Spring time) and am going to be traveling out to view condos in the River North, Gold Coast, Old Town and Lincoln Park areas. I have been doing some extensive research around 2 bed, 2 bath condos in those neighborhoods and looking into the building's rental policies in case I ever would like to move back to the northeast. My question is surrounding why they appear to be so inexpensive in these larger buildings? Am I missing anything in terms of regulations or general market dynamics that would cause these prices to be lower than other, comparable metro areas?