Quote:
Originally Posted by Handro
My GF and I have a combined income of ~$175K and there is no way in hell we can afford a place large enough to have kids in Lincoln Park, North Center, Lakeview, etc.
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On that income you can
easily afford a family-size home in Lincoln Square, just due north of North Center.
We got a 3 bed/3 bath 2,300 SF duplex-down a block away from an excellent CPS elementary school (waters), a block away from a brown line stop, and a 6 minute walk to giddings plaza (the heart and soul of LS) for only $420K (+$300/month assessment, $8K/year in property taxes).
You'll be just fine to raise your family very comfortably in an awesome, safe, and extremely family-friendly city neighborhood like LS on a household AGI of $175K.
Now, if you absolutely demand to have a detached SFH to raise a family in, that will be a tougher mission in any of the city's more urban areas, because the more urban areas (obviously) have much fewer of them on a relative basis, so the supply/demand curve for detached SFH gets a lot steeper (and the property taxes get a lot more onerous).