June 29, 2008 – Buyers interested in the most affordable condominiums in Chicago are starting to see a lot of great deals around the city.  A look at the MLS shows that 658 new and resale condominiums were reduced in price in the city of Chicago just during the last week.

$100,000 may not have bought you much in neighborhoods north and west of downtown Chicago just a year ago, but there are now several condominiums that can be bought in that price range in the area.  The best deal of the week is a three-bedroom and one-bath unit located at 1629 N Mason Ave in Austin.  This condominium has been reduced to just $49,900 after originally being listed at $73,900.

Buyers can even find some great deals closer to downtown.  For example, a two-bedroom and one-bath unit located at 3131 N Western Ave in North Center is now priced at $59,900.  This unit has been reduced in price from $109,900 after just two months on the market.

There are even units priced under $100,000 on the Near West Side.  A three-bedroom and two-bath condominium at 2125 W Washington Blvd has been reduced from $114,900 to just $99,900.

However, if you’ve got a $100,000 to spend, don’t expect to find many condominiums in your price range around the Loop or Near North Side.  Neighborhoods such as Austin, which saw five units reduced to below $100,000 last week, and West Ridge, with two units reduced to that price range, may be your best bet to find Affordable Chicago Condominiums.

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This entry was posted on Sunday, June 29th, 2008 at 5:14 pm and is filed under Market Update(t) . You can skip to the end and leave a response. Pinging is currently not allowed.