There is a growing trend towards buying investment properties in Chicago, particularly amongst foreign nationals. And for good reason - luxury condos and other real estate can be remarkably affordable as compared to other world class cities, plus living in Chicago simply can't be beat! So even if you never plan to live in the city yourself, you'll know that plenty of others will want to rent or buy in Chicago, so you'll likely see a great return on your investment.
Accordingly, here are some excellent real estate options in the $250,000 range - perfect for a starter home, a place for a student, or a city pied-à-terre. Interested in these properties or similar options? Contact our Chicago real estate team today!
1122 West Calalpa Avenue #416: An open plan two bed, two bath unit in one of Chicago's most colorful properties that includes a shared rooftop terrace, upgraded finishes, and wonderful views of the Edgewater neighborhood (near Loyola and Northwestern), this would be the ideal home for a student or really, anyone who enjoys unique modern design.
550 North St. Clair Street #1402: A one bedroom, one bath home in the sky in one of Streeterville's most desirable buildings! Perfect home for a single person who regularly travels or works in the Loop.
4350 North Broadway #701: This spacious Uptown condo has an excellent layout, a private balcony, and coveted city and lake views. Plus there is a washer/dryer in the unit, three common decks/outdoor spaces in the building, and brand new carpet and paint. Great location for Loyola students as well!
201 East Delaware Place #1108: This one bedroom, one bath suite is situated in a luxurious vintage building that is actually a hotel - ensuring that residents will have the amenities and hospitality of a high end Gold Coast hotel, right in their own home. Perfect for frequent travelers or anyone who simply doesn't want to handle the upkeep of maintaining a home in style.
701 South Wells Street #1806: A sprawling one bed, one bath unit in the South Loop with a private balcony and gorgeous city, this condo has to be seen to be believed. An ideal location for anyone working downtown or attending one of the many schools in the Loop, the contemporary style and many extra amenities make this place an ideal choice for modern living in Chicago.