Anyone in the Chicago area own a condo in downtown or thought about It? Have been thinking about relocating and have been seeing 1 beds for around $200k and was curious if anyone has experience

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Make sure you are aware of HOAs. I live in an older building and my hoa dues are almost half my mortgage

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Also watch out for real estate taxes. Chicago/Illinois has some of the highest annual real estate taxes in the nation.

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2 bed 2 bath 1550 sq ft for $377k in 2015 at 3.75% rate. Mortgage payment is ~$2k which includes taxes. Taxes are $7500 and HOA is $175/mo (only really covers insurance). Probably worth 450-475k now (I hope)

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Go Southeast instead. You will get more value for your money with the same salary.

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I do - as ppl mentioned, look out for hoa. The mortgage rate seems to be low now

What are you considering “downtown”?

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