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.
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: