Thursday May 01, 2008

What Does $300,000 Get You in Chicago?

There’s a big difference in what kind of home $300K will buy you in Chicago, depending on where you look. Below is a cross-section of active Chicago real estate listings for $300,000 that gives you an idea of just how much home you can get (and where).

NORTH SIDE NEIGHBORHOODS

Gold Coast
575 sq. ft., 4-room condo with one bedroom and one bathroom in Lake Shore Drive high-rise. Lake view, beach access, one-car garage, updated interior, upgraded kitchen, communal rooftop deck, fitness room and 24-hour doorman. Assessments: $496/month (includes heat and water)

West Rogers Park
1,700 sq. ft., 6-room condo with 3 bedrooms and 2 bathrooms on first floor of brick three-flat. New construction, upgraded finishes, in-unit laundry, whirlpool tub in master suite, fireplace, private balconies and parking space. Assessments: $150/month

Lakeview East
1,630 sq. ft, 5-room condo with 2 bedrooms and 2 bathrooms in vintage high-rise (co-op). Lake views, on-site health club, indoor pool, communal sundeck, hardwood floors. Assessments: $1,260/month

Lincoln Square
700+ sq. ft., 5-room condo/loft with 2 bedrooms and 2 bathrooms in low-rise new construction. Extra tall ceilings, hardwood floors, stainless steel appliances and granite countertops, gas fireplace, in-unit laundry. Deeded garage parking – additional $30,000. Assessments: $250/month (includes water)

Albany Park
1,643 sq. ft., 7-room condo with 3 bedrooms and 2 bathrooms in rehabbed yellow brick building. Remodeled kitchen and baths with upgraded amenities and finishes. Assessments: $144/month (includes water)

Humboldt Park
800 sq. ft., 4-room unit with 2 bedroom and 2 bathrooms in brick loft building. Open floorplan, 16’ ceilings, exposed brick interiors, oversized balcony, floor-to-ceiling windows, upgraded kitchen, hardwood floors, fireplace, in-unit washer/dryer. Communal rooftop deck. Assessments: $267/month (water and deeded garage parking included)

East Garfield Park
2,400 sq. ft., 6-room condo with 3 bedrooms and 2.1 baths in new construction three-flat. All modern interior amenities and finishes, in-unit laundry, hardwood floors, deck/balcony, fenced-in yard, and secured parking. Assessments: $95/month

West Loop
1,450 sq. ft., 5-room loft with 1 bedroom and 1 bathroom in rehabbed brick warehouse building. Open layout with hardwood floors, communal rooftop deck. Exposed brick walls, cement interior columns and ductwork. Heated garage parking is an additional $25,000. Assessments: $319 (water included)

Jefferson Park
1.5-story detached single-family brick house with 2 bedrooms and 1 bathroom. Hardwood floors and moldings, screened-in porch, two-car garage, and private backyard.

South Austin
2-story detached single-family Victoria-style house with 4 bedrooms and 1.1 baths. Recent rehab with bay windows, wraparound front porch, gated yard and 2-car garage.

SOUTH SIDE NEIGHBORHOODS

Bronzeville
3,181 sq. ft., 10-room single-family row house with 6 bedrooms and 4 baths. Century-old greystone selling in “as is” condition. Gated property, stone front stoop, alley entrance parking.

Hyde Park
1,600 sq. ft., 6-room condo with 3 bedrooms and 2 baths in rehabbed 100-year-old, English-style brick building. Natural woodwork, plaster moldings, hardwood floors, French doors, private balcony. Assessments: $625/month (includes heat, water, and cable television)

Morgan Park
1,200+ sq. ft., 6-room townhome with 3 bedrooms and 3.1 baths in concrete new construction. Open kitchen with upgrades, master suite with walk-in closet, extra tall living room ceilings and attached 2.5-car garage.

South Shore
2-story detached single-family brick and siding house with 4 bedrooms and 2.1 bathrooms. Completely rehabbed, finished basement, back deck and good-size yard.

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