Reaching North---Buying Condos in Rogers Park, Chicago

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Reaching North---Buying Condos in Rogers Park, Chicago


Rogers Park, Chicago condos make great second home for the property buyers. They are also ideal as primary residences. This Chicago neighborhood has Lake Michigan on the east side and this adds to the place’s beauty. With its several parks and beaches, Rogers Park has a resort like appeal.  Though this Chicago neighborhood has variety of residences including Victorian mansions and bungalows, it is Chicago condos and town homes, which are mostly in demands.

Till 1990’s the Rogers park real estate remained highly undervalued. But since early 1990’s, real estate has started gaining values, thanks to a concerted community action. Rogers Park, condo market has shown steady growth over these years and currently the market is replete with an impressive number of Chicago condos. Majority of them are new constructions, but there are a sizeable number of conversion condos as well. One interesting fact about Rogers Park is: here you can find beautiful Chicago condos that date back to the Victorian era spanning from the 1850s. Many large buildings of that era are currently undergoing renovation to match up to contemporary requirements, further adding up to the size and variety of its condos market.

Since, Rogers Park is home to a premier institution---The Loyola University, many of the Chicago condos here can be rented to the student community. Rental condo market has a good supply of condo homes, which are less expensive than other neighborhoods. While studios can be rented for $450-$700, the rent of one bedroom apartments are $600-$1,000. For more than two-bedroom Chicago condos, you will have to pay a rent of $800-$1,500.

When it comes to buying Rogers Park, Chicago condos, an one-bedroom unit will cost you anywhere between $85,000 and $200,000. The prices of two bedroom condos start at around $130,000 but go up to $250,000 or more. With a budget of $220,000-$400,000, you can expect to get three or more bedrooms condos. The prices of luxury condos can be as big as $1 million and never below $800,000. However, two- to three-bedroom Chicago condos are ideal for family living and may cost anything between $200,000 and $250,000.

Jarvis on the Lake is an example of mid-rise condominium, which is located just across the street from the lakefront. With a variety of floor plans, this condominium caters to families of various sizes. Sherwin on the Lake is on the other hand, is an example of luxury Chicago condo.

In a nutshell, in Rogers Park, you will find everything you might expect from a wonderful residential urban community. Easy lakefront access has turned Rogers Park condos market into one of the most desirable real estate markets in the city.


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