Housing cost in Chicago area - Chicagoland Sportbikes
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post #1 of 25 (permalink) Old 04-19-2004, 10:50 PM Thread Starter
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Housing cost in Chicago area

Ok i'm flying out to Chicago in 2 days for a final interview with a company called Avnet. They are located in Arlington Heights. I want to live within 25 miles of there and I'm looking for somewhere to live and something to live in, but i'm getting real fustrated. I can't find anything decent under $150k. I've looked at small houses and condos. I'll be living alone. I just want something that good quality and has a garage. I think I'm screwed. Anyone have any suggestions or comments??

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post #2 of 25 (permalink) Old 04-19-2004, 11:07 PM
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First off... Good luck on the job interview.

As far as housing goes, prices in the Arlington Heights area are definetly high. Within about 25 miles though you'r best bet for that price range is probably going to be a condo. I bought a one bedroom condo w/ indoor garage space in Mount Prospect (town to the SE of AH) about a year ago, and paid just a little under 130's, so they are out there. I'm not too familiar with prices 25mi NW of AH, but still don't think a house is going to be much under 200k. Another thing to consider is what kind of commute time you are looking for... unfortunetly 25 mi in Chicagoland does not equal a 25 min commute.

If you need a recommendation on a realtor let me know, mine was great to work with.

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post #3 of 25 (permalink) Old 04-20-2004, 08:44 AM
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Get out a map and start looking west of there. thats probably gonna be your only hope for cheaper houses.




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post #4 of 25 (permalink) Old 04-20-2004, 08:50 AM
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Condos may fall in your range in the area but AH is pretty expensive. I work in Rolling Ghettos OOps i mean Rolling Meadows which is across the street from Arlington Hts. If you are interested i could always meet up with you and show you a few places around here or get an idea of a few choices you find interesting and i can show you the way and give you some insight to the area you are interested in. If time is a pinch there is a real nice Extended Stay hotel right here that charges like 100 or so a week for a room. Dont quote me cause i am guessing on that. If need be throw out some info and i will be more thn happy to assist ya!

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post #5 of 25 (permalink) Old 04-20-2004, 08:52 AM
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NW burbs are definitely not inexpensive. "Quality" single-family homes run $200+, townhomes $170+. Unless you're willing to look in the outlying areas, a condo may be your only option.

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post #6 of 25 (permalink) Old 04-20-2004, 09:25 AM Thread Starter
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I just talked with my dad a bit about this. It turns out that I really have about $60k for a downpament. He busted out a morgage calculator and figured out that I should proably spend about $200 to $220 on a place so that's good news!! I'll keep looking, but if I get the job i'll have an agent do most the work for me

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post #7 of 25 (permalink) Old 04-20-2004, 09:39 AM
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Quote:
Originally posted by thepro8
I just talked with my dad a bit about this. It turns out that I really have about $60k for a downpament. He busted out a morgage calculator and figured out that I should proably spend about $200 to $220 on a place so that's good news!! I'll keep looking, but if I get the job i'll have an agent do most the work for me

You should be fine with that for a condo or townhome. Don't forget about taxes.. Your going to freak when you see how much they are here. So factor another 3-400 hundo a month into your payment.


and do me a favor....take the picture out of your sig please.

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post #8 of 25 (permalink) Old 04-20-2004, 09:40 AM Thread Starter
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Ok I looked around in my new price range and I feel a lot better now. There are a buch of nice ranch style homes for about $180-$200. It kind of sucks most of them only have a 1 car garage. dont they know i have a motorcycle too

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post #9 of 25 (permalink) Old 04-20-2004, 09:53 AM Thread Starter
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the pic is one Crazy. you like this better

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post #10 of 25 (permalink) Old 04-20-2004, 10:04 AM
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the pic is one Crazy. you like this better
Thanks

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post #11 of 25 (permalink) Old 04-20-2004, 10:17 AM
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First off, I absolutely hate Chicago. After 7 years of living in Chi-town, I've learned that the only way to save money if you're working in the city is to live far away from the city and buy a fuel efficient car or take the train. For $150K you can get a crackhouse with rats in Cabrini Green, IF it's a repo. Throw in an old mattress on the lawn for the prostitutes to conduct business on and charge them a cut and you can pay all your parking tickets you and your friends WILL get. Forget the garage. Welcome to Chicago bro!
post #12 of 25 (permalink) Old 04-20-2004, 10:28 AM
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that's only because you didn't read this wonderful book http://www.buyincomeproperties.com/T...etePackage.htm

now go get a hug and stop trying to scare the newbs
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post #13 of 25 (permalink) Old 04-20-2004, 10:37 AM
 
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I live in Schaumburg about fifteen minutes from Arlington Heights. There are a lot of condos, coach homes, and townhomes to check out in the Schaumburg Area. I bought a coach home with a 1 car garage over 4.5 years ago in a nice neighborhood and it has appreciated over 25%. My taxes are less than 200 a month. If you want some info about Schaumburg, let me know.
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post #14 of 25 (permalink) Old 04-20-2004, 10:55 AM
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Quote:
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that's only because you didn't read this wonderful book http://www.buyincomeproperties.com/T...etePackage.htm

now go get a hug and stop trying to scare the newbs
Ernie - are you a part time slum lord, lol?!?!
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post #15 of 25 (permalink) Old 04-20-2004, 11:11 AM
 
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Quote:
Originally posted by redhottR6chick
First off, I absolutely hate Chicago. After 7 years of living in Chi-town, I've learned that the only way to save money if you're working in the city is to live far away from the city and buy a fuel efficient car or take the train. For $150K you can get a crackhouse with rats in Cabrini Green, IF it's a repo. Throw in an old mattress on the lawn for the prostitutes to conduct business on and charge them a cut and you can pay all your parking tickets you and your friends WILL get. Forget the garage. Welcome to Chicago bro!
hmm. My house was less than 150K, with a 2 car garage. I live close to public transportation, can get to the loop in 28 minutes. And its a good neighborhood. Maybe you just didn't see enough of the city to make an honest judgement. There are 264 sq miles, 75 neighorhoods, and 3.5 million people in the city. There are plenty of areas in the city that are affordable and livable. You're missing alot if all you are willing to look in is a small area, and believe the rest is all bad.
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post #16 of 25 (permalink) Old 04-20-2004, 12:20 PM
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I bought a new townhouse in Huntley 2 years ago for $145k... it's pretty much exactly 25 miles west. 1,500 sq ft, 2 car garage.

Good deals are out there, if you look far west enough.

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post #17 of 25 (permalink) Old 04-20-2004, 12:28 PM
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check mls


check the mls it has all the listings just sort by price range
mls.com
and get a realtor you dont pay the seller does it makes your life way easier.
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post #18 of 25 (permalink) Old 04-20-2004, 04:34 PM
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Move to TX. Sunny and the time, and cheap cost of living. It's like a tropical vacation every day
Mwahahahaaaa.....
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post #19 of 25 (permalink) Old 04-20-2004, 04:36 PM
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Quote:
Originally posted by ill_ag
Move to TX. Sunny and the time, and cheap cost of living. It's like a tropical vacation every day
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post #20 of 25 (permalink) Old 04-20-2004, 04:37 PM Thread Starter
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well I'll most likely try to relocate after a few years either to Cali, Tx, or Arizona.

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post #21 of 25 (permalink) Old 04-20-2004, 07:40 PM
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Quote:
Originally posted by redhottR6chick
First off, I absolutely hate Chicago. After 7 years of living in Chi-town, I've learned that the only way to save money if you're working in the city is to live far away from the city and buy a fuel efficient car or take the train. For $150K you can get a crackhouse with rats in Cabrini Green, IF it's a repo. Throw in an old mattress on the lawn for the prostitutes to conduct business on and charge them a cut and you can pay all your parking tickets you and your friends WILL get. Forget the garage. Welcome to Chicago bro!
Let's see, after living in Chicagoland area for the past 18 years and literally living in virtually every part of it (ie. northwest burbs, city, southeast burbs, southwest burbs) I'd have to say that if you look hard enough you can find something decent within the area.

Granted I live about 30 miles from where I work right now (and I work in the Medical District, right smack in downtown Chicago) but I've never lived where I work. If I lived around where I work all the time, I'd be moving every couple of years.

I paid a little more for my house since I had it built and upgraded the shit out of it but with the basement being unfinished I have about 2200 sq. ft of living space (another 1200 sq. ft. with the basement), a 3-car garage and I hell of a lot of new sod to water (when they finally put it in). But the house itself even with the 3-car garage would only have cost us $220 if I didn't stick everything I saw in it when Shane and I were doing our color selection!!!

Just resigned myself to the fact that driving/riding is a necessary part of living here. As for parking tickets in Chicago, lived there for about 11 years, I got 6 parking tickets...not all my fault but then I learned about this wonderful thing called "valet parking". Instead of bitchin' and moaning about not finding a parking spot or walking 2 miles to where I have to be at or getting the parking ticket, I'll pay the $10 or $20 dollars so at least I know I won't get a ticket or get my car towed...it's a lot cheaper in the end!!!

As for saving monet that's what my 401K, mutual funds and stock portfolio are for. Everything I have in my savings account is spendable cash!!!

BTW...welcome to Chicago thepro8 good luck on that job interview!!!

<--------Paulette
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post #22 of 25 (permalink) Old 04-20-2004, 07:48 PM
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Quote:
Originally posted by thepro8
well I'll most likely try to relocate after a few years either to Cali, Tx, or Arizona.
If you do relocate to Cali....San Diego is an awesome place to live in. If Shane and I didn't buy a house here we would have moved to Cali...actually wer were going to move but all the suppost system is here in Chicago and the cost of living here is a little cheaper than Cali!

We would never have been able to afford the house we have here in San Diego!!!

<--------Paulette
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Grant me the Serenity to accept the fact that I can't pass them all,
The Courage to pass most...
And the Wisdom to hide the bodies of those who refuse to
GET THE HELL OUT OF MY WAY!!
"Number '69' All the Way!"
"GO NICKY HAYDEN!!!"

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post #23 of 25 (permalink) Old 04-21-2004, 03:27 PM
 
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Well might be pricey here, but was in Manhattan recently and prices are insane there. Studios cost from 1600-2500 per month and a decent 2 bedroom place is well over 4k per month. Don't even ask about buying a place out there. When it comes to being here? Well you can shoot for places that are a bit further away like Grayslake where I think prices are ok. Palatine also shouldn't be too bad. There's better and worse areas everywhere where I'm sure you can buy cheaper. Might have to rent until a decent deal comes along. Otherwise I think my buddy paid under 150k in Northbrook for his condo. There's another one that was for sale a month or so ago for 135k in the same building. 1 bedroom, looks nice, and has a pool. As for garage...not sure about that. There's garage's on the property, but I think you might have to get on a list for one.
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post #24 of 25 (permalink) Old 04-22-2004, 11:06 AM
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I have lived on northside of chicago my whole life and I'll tell you the last few years have been crazy. The realestate taxes double, then triple within those years. I live in a 2 flat that belongs to my Uncle and the taxes are above $8,000 a year. I don't know who is in charge of housing in the chicagoland area, but the only thing I see being built are townhomes, condos and rehabs into condos and the starting prices range from $400,000 and up for a townhome. Afew blocks from me a develper built 5 new town homes and starting price was at $490,000 and from what I heard the lowest selling price was around $800,000. I think the city is letting these developers come in to jack up the taxes. It's a plus for those who actually own property, but the renters and new home buyers are screwed.

Good luck in finding affordable housing in chicago.


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post #25 of 25 (permalink) Old 04-25-2004, 11:59 PM
 
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I figured id throw this on the end of this post....If any of you guys are wondering about any property values, looking for a house, whatever, you can shoot me an email and I could help out. I have been appraising the Chicagoland area for about 8 years now, my boundaries are from the wisco border north, 10 miles south of 80 south, indy border east, and about sugar grove west. Ive seen it all from 3+million dollar homes to 5K crackhouses, so I can give anyone a hand on property value )))))))) hehehe, just figured id offer up my services...

email is [email protected]
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