CHICAGO | General Discussions

[Tombstoner]

Originally Posted by Zapatan

That's insane, that could easily be 1-2 million in NY or California.

Kind of hard to say unless you see the property in question. It could be an amazing deal (and I hope for SIGSEGV it was) but there are a number of Loop properties that are poorly located/no view/need extensive rehab/no amenities, etc. Good for future investment, perhaps... Something for 1-2M in a nice part of LA or NYC you could expect a very turnkey 850-1050 sqft. As marothisu says, there are certainly insanely overpriced properties in NYC, but it's not like Chicago is 75% cheaper.