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Deal of the Week: The Chicago Edition

  • November 23rd 2010

by Mark Wellborn

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Deal of the Week: The Chicago Edition: Figure 1
1335 West Altgeld Street

For this installment of Deal of the Week, we leave DC for the week and head up to the windy city to see what type of housing bargains are available in Chicago.

This one-bedroom loft is located in the Lincoln Park section of Chicago in a building that was converted to condos in the early 1990s. The 1,000 square-foot unit has 10-foot high timber ceilings, exposed brick, central air, an in-unit washer/dryer and a deeded parking space. The unit is very spacious for a one-bedroom evidenced by the fact that the bedroom itself measures out at 19 feet by 14 feet.

The price on the condo has been reduced a number of time since it was originally listed and it is now $8,000 under its 2002 purchase price. We don’t know Chicago real estate that well (yet), but this seems like a unit that is squarely in deal territory.

More details and photos below. For the full listing, click here.

  • Address: 1335 West Altgeld Street, #1A (map)
  • Price: $272,000
  • Bedrooms: One
  • Bathrooms: 1.5
  • Square Footage: Over 1,000

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.3 percent.

  • Loan Amount: $217,600
  • Principal and Interest: $1,090
  • Condo Fees: $255/month
  • Property Taxes: $318/month
  • Total Monthly Payments: $1,663

Deal of the Week: The Chicago Edition: Figure 2
Exterior

Deal of the Week: The Chicago Edition: Figure 3
Living Area

Deal of the Week: The Chicago Edition: Figure 4
Bedroom

See other articles related to: chicago, deal of the week

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_the_chicago_edition/2699.

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