Chicago for under $200,000

Depressing news for first-home buyers: it’s getting harder and harder to find a condo under $200,000 in Chicago and it’s only going to get worse, with rising construction costs caused by the national housing boom and Hurricane Katrina.

So we’re looking around for deals.

In Ravenswood Manor, you can get a “garden” (basement) condo at Troy Court Condominiums or Eastwood Court Condominiums, both from Jameson Development, from the $170s.

Anyone else find anything?

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