Why is anyone bothering to buy investment properties or even homes they hope to make some money on, on the North Side these days? Ever since real estate went ka-boom on the North Side, it seems that all the hot prospects for appreciation now lie south of downtown. I’ve mentioned the Near South Side and South Chicago as up-and-coming areas, but how about Woodlawn?
The median condo price in 2005 was $199,000 – up 75 percent since 2000. And you can find vintage single-family homes priced in the $200s to $300s (granted, they need a lot of work).
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