What will $225,900 get you in Chicago right now?

What will $225,900 get you in Chicago right now?

Ok, we know what you’re thinking, “$225,900 is a super random number.” But, it’s actually not so random: turns out the median value for a home in Chicago is $225,900, with an average price per square foot of $242.

That’s not bad. But, what’s even better for Chicagoland house hunters is that the market in Chicago isn’t very competitive right now. While it’s not a exactly a buyer’s market, anyone looking to purchase in the area can expect sellers to be more amenable to negotiations and a low probability of bidding wars. Everyone rejoice!

So, what exactly can you expect to find in Chicago at that price point? Keep reading to find out!

A home with a little something extra

What will $225,900 get you in Chicago right now?
1645 W Ogden Ave #634

Listed by Michael Nejfeld, Charles Rutenberg Realty

Beds: 1
Baths: 1
Sqft: 606
Neighborhood: Near West Side

For a home listed at $205,000, you’re going to have to skimp on some luxuries, right? Wrong. While this 1 bedroom 1 bathroom West Side picture of stylish urban living doesn’t offer lakefront views, it does offer a doorman, bike rack, exercise room, sundeck, elevator and additional storage. Talk about bang for your buck. If all those extras don’t whet your appetite, the $2,125 refund you get when you #BuyItWithOL should do the trick. That’s about 537 slices of Pompei’s signature pie.

A 2 bed/2 bath lakefront pad

What will $225,900 get you in Chicago right now?
4310 S Greenwood St #3N
Listed by Aaron Mc Donald, Coldwell Banker Residential

Beds: 2
Baths: 2
Sqft: 1,200
Neighborhood: North Kenwood

For $209,900, this 2 bedroom 2 bathroom home can be yours. It’s in a prime lakefront location, close to downtown, and in an up and coming area. Amenities include in-unit washer and dryer, stainless steel appliances and private parking. When you #BuyItWithOL, you’ll also get $2,248 back at close of escrow: enough for 4 box seats to Cubs game. We’d say that’s a win-win.

A stylish South Loop pad for one

What will $225,900 get you in Chicago right now?
1720 S Michigan Ave #1204

Listed by Bruce Glazer, @properties

Beds: 1
Baths: 1
Neighborhood: Near South Side

With features like bike storage, 10 foot ceilings, floor to ceiling windows, a balcony, and an on-site market, what more could you want from this South Loop 1 bedroom, 1 bath that’s selling for $225,000? How about stunning views, and a $2,625 refund when you buy your home with us? That’s a nice chunk of change for bike maintenance.

Ready to find your next Chicago home? House hunt 24/7 with Open Listings, book tours on-demand, create offers online, and get back an average of $8,500+ when you buy with us.