Thinking of buying a small in-town home or pied-a-terre with prices down? You’re not the only one. Sales have been on the rise since they bottomed in the first quarter of 2009. There were only 20 downtown Chicago studios sold that quarter. Subsequent quarters have seen sales of 27 to 47 studios.
Price Distribution of Downtown Chicago Studios For Sale
As shown above there are plenty of downtown Chicago studios for sale priced below $200,000. All those currently priced above $350,000 are at Trump Tower.
The median price of such studios in fourth quarter 2010 was $133,250.
These downtown condos usually have some studios for sale:
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ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale. Fran has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
