Old Town, Chicago Condos---Housing Solution with Classic Touch
If you are planning to make some condo investment in the current buyers market and happen to prefer old fashioned environs over the posh and chic downtown neighborhoods, then Old Town, Chicago condos can be the best option for you. Situated 1.5 miles north of the Loop, this popular locality owes its name to the Great Chicago fire that devastated a large part of the city, saving this stretch. Minutes from the city's business district, Old Town is bordered by such neighborhoods as Gold Coast, Lincoln Park, Old Town Triangle, and Cabrini Green.
Chicago's biggest Hippy outpost of one time, Old Town started undergoing a transformation since the beginning of the 1980s, when investors and developers started to take interest in the potentials of this locality. By the end of 90s Old Town became a prosperous community of young professionals. At present, Old Town enjoys the distinction of being the only part of the city that retained most of its original appearance. At the same time there are pockets that do not differ much from other neighborhoods such as Gold Coast or Lincoln Park in their look and feel. This is the modern face of the locality; here you can find several mid rise Chicago condos co-existing along side the protected landmark buildings.
Old Town, Chicago condos are rather expensive and that is because the area's proximity to downtown Chicago. A small condo here---a studio or one bedroom unit---will cost you anywhere between $175,000 and $300,000. There are also several mid-rise Old Town, Chicago condos to choose from. With an average price of nearly half million dollars, these are costlier lot. You will also find a number of luxury condos in this part of the city and they will give you a pocket pinch of over $800,000. The Venetian for example is one of the premier luxury condo in Old Town neighborhood. The two bedroom/ two bath units in this condominium will cost you around $500,000.
For small families, two-bedroom condo-units make good choice, which you can get for under $300,000, at about $275,000. However, in most of the cases, the small Chicago condos often come without a garage space. But if you are going to make a long term investment, do not compromise on this feature, as this is the part of Chicago, where parking spaces are especially hard to come by. You should be prepared to pay extra for your garage parking space.
