Chicago’s median condo / townhouse price for 2006 was $285,500, according to the Multiple Listing Service of Northern Illinois, which compiles statistics on new and resale homes. With that figure in mind, Yo’s truly has decided to highlight the occasional development marketing units priced below the citywide median.
Converted apartment buildings in neighborhoods that aren’t offically considered “hot” can sometimes be more affordable housing options for price-sensitive buyers.
Foreit Properties’ converted courtyard building, The Courtyard at Grand Crossing, 1462 – 68 E 69th St, in the South Shore neighborhood, has 18 condos (all but one unit have one or two bedrooms) priced from the $120s to the $200s. The homes range from 850 to 1,000 square feet. One-bedroom condos are selling in the $120s, smaller two-bedrooms are priced from the $130s and larger two-bedrooms are available from the $160s. One four-bedroom duplex is priced at $209,900. Finishes include hardwood floors, granite countertops, 42-inch maple cabinets and Frigidaire appliances.