Quote:
Originally Posted by Steely Dan
i'm not so sure about that.
we got a 3 bed/3bath 2,300 SF condo in a 3-flat in a "good" neighborhood of chicago for $420K. granted, the brown line rumbles directly down our alley every several minutes, so that knocks down the value a bit, but still, not bad at all for a family-sized home in a major, urban US city.
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I just stayed the weekend in a pretty standard, non-luxurious South Loop townhouse, and it's worth around $1 million. And there aren't really walkable nearby amenities outside of parks.
And I would imagine the L noise would be a major factor in your street's relative affordability. I've stayed at the Chicago Hilton and could barely sleep due to the L a block away. No doubt you get used to it, though.
Quote:
Originally Posted by Steely Dan
i just zillowed toronto and couldn't find a single 3 bed/3 bath property of any type for sale under $450K ANYWHERE within city limits. not a single one.
i bumped the max up to $600K, and a handful of properties appeared on the fringes of the city (ie. the least urban, least interesting parts of city proper toronto).
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But those are CAD. A 600k Toronto home in Toronto is a 430k home in Chicago. I don't think there are many central Chicago neighborhoods where you have Toronto-level good schools and no safety issues, where family-sized units are gonna go for 430k. And you have to factor in taxes and fees, which are minimal in Toronto.