I stepped back from the market when I realized that 7% interest means 2.5X the cost of the house in my area. The place where I live in California has gotten so expensive despite being rural that it's actually cheaper for me to live when I'm on vacation - even in Manhattan, New York. I just spent a month in Japan and realized that trip cost me less than my regular monthly expenses in California. So I'm moving to Chicago because I visited every major city in the United States after high school to try to figure out where I want to live, and like Chicago best. In California you have to have held employment for 2 years before it can be counted towards a mortgage, but with me moving I'm going to be switching jobs. Do I really have to wait 2 years or is there a loophole? I have never had a significant gap in employment in my life, leaving my current job on great terms, and my new job will be a $40,000 a year pay increase.
I lived in Andersonville about five years ago. I loved it. It is not as expensive as Lincoln Park or near Wrigley Field. I felt safe even at night. I did not even own a car for two years. I would walk to the grocery store, the bank, church, my dentist, the laundromat. I took the bus on Ashland to the brown line to the loop. One of the nicest times of my life. Calos Italian restaurant was only two blocks from me. The only thing I disliked was the cold winters and how dark it was in December at 4:30 in the afternoon.
Lived in Lincoln Square for four years, and in Hyde Park for four years. I absolutely LOVED Lincoln Square! Convenient to entertainment venues and restaurants without the noise of places like Wrigleyville or the traffic of Lincoln Park. It’s pretty safe, and has a real community feel. Lower-rise apartments. Wells Park. The Old Town School of Folk Music. A park district facility with an indoor pool. You can get anywhere really easily on the Brownline. Hyde Park is great if you’re going to grad school or teaching at grad school. It’s its own little kingdom in the city. But it is ISOLATED from the rest of the cultural parts of the city. It is bordered by some of the most dangerous neighborhoods in Chicago. How is the Chicago Symphony Orchestra in River North when it’s south of the river????
I don't live in Chicago, but I always admire the neighborhoods and homes in areas like the ones shown here. And the home prices don't actually seem priced high at all to me (relative to where I have spent most of my life and am now). But when I see the amount required for taxes and/or HOA fees, and I imagine the heating bills, I realize these great neighborhoods would never be an option. They sure are nice, though, for those who can afford them.
@@Van-yo2xr True for houses in "the neighborhoods" of the city, but I know that there are condo developments that have them. For condos, the taxes may be lower but the HOA fees can be very high depending on amenities and the age, location, and size of the building. Right now, in a city FAAAAR west of Chicago, I have an older 863 sq. ft. condo with an HOA fee of $145/month and taxes around $90/month. If I were to move to the city of Chicago, I'd have to find something small in an older, multi-unit building in a neighborhood several miles north of the Loop (coincidentally, one like where I lived the first year of my life). I sure do love much of the Chicagoland area, including parts of the city.
@@gils100games I know they are super expensive relative to average income, but the sale prices seem to be similar to my city. In my southwestern city (not including suburbs), the median home sales price is $491,000 as of May (according the internet). In my particular neighborhood, the median home price is $1,100,000. However, I bought my little condo four years ago for $200,000 at a low interest rate and it has gone up 50% in value in four years - which means I could never afford to buy it today. And even though my taxes are very low, I still wouldn't be able to afford it if I were buying today. But I can see why you say these Chicago neighborhoods are super expensive!
Nice video! I live in brazil, bit like Chicago a lot, specially the loop/ river north area. I don’t know how hard would it né for me to buy a small apartment/ studio there, but It’s something in my wish list
My fav is Gold Coast , i lived there for 2 years. During Cov I moved to Phoenix and bought my first single fam detached house 🏡 AZ is awesome with beautiful mountains and cactus 🌵 , I still miss Chicago
Great video, but I am a blue collar boy who can't afford any of these prestigious neighbourhoods lol. I love Chicago real-estate channels, this was professionally made so good job! Interest rates are insane, and I cannot go over 120k for a condo, but that won't get me much except in downtrodden areas in the southside and westside. Any recommendations/tips aside from earning more money given my current situation? I am single and have no debt..but I am not looking to start getting into it either!
Not a day goes by that I miss moving out of Chicago. I lived in Uptown, which I loved at the time, but after about 10 years I had to get out. In November 2019, I was at the lake in that little wooded area by Montrose Harbor. I had a spot I loved to sit at that jutted out into the water a tiny bit and was like a little circle of 5 tall trees. I looked out at the water, turned around and looked at the wooded area, then turned again to see all the buildings and my heart sank. I wanted out. I wanted REAL nature. Real quiet. Real peace. I decided it was time to move out of the city even though that meant either extending my commute to work by an hour or finding a new job. Then Covid hit and everything changed. I was furloughed in April and laid off in August so I was stuck there until June 2021. The city was a miserable place to be. Lori Lightfoot blocked off the lakefront so my safe haven was gone. Crime significantly increased (the last few weeks I lived there, a woman wandered the neighborhood and stabbed multiple people in broad daylight), you needed to “show your papers” to eat at a restaurant to prove you were vaccinated, and the riots (people like to pretend they didn’t happen but my sister’s building was caught on fire and my ex’s building was sh0t up from outside AND inside - a nice building too in the south loop). I now get anxious if I have to go into city which is sad. I use my dog as an excuse to not go into the shared workspace downtown because I want nothing to do with it.
I lived in uptown too and absolutely loved it. We moved to Naperville in 2021 because we were priced out for the size of home we needed. I am anxious too when I go back to the city and avoid it at all cost. I love Naperville. Best decision we’ve ever made when it comes to safety, quality, environment, schools and diversity.
I know that you can't touch upon all neighborhoods in this video,but these are area the average city worker cannot afford. Most look to Mt. Greenwood,Beverly,Chicago Lawn as a retreat from the busy city.
I would say "Forest Glen/Saugansh." It is on the Far North/Northwest Side of Chicago. It is a quiet and family friendly neighborhood that has a very low violent crimes comparing to many other neighborhoods in the city. Another good neighborhood is Beverly on the Far South Side of Chicago (not the $hitty South Side). But be aware that the home prices in these two neighborhoods will be higher than many other neighborhoods in the city (but not as crazy as the Loop, Gold Coast, Streeterville etc.).
Apologies if this is a broad question, but my girlfriend and I are possibly moving to Chicago later this year (working out the details with our employers). We ran the numbers and a rough 33% combined would land around 1800-2000 grand a month for rent (and utilities ideally). We would like to put away money to eventually buy instead of rent, so I’d say that range is a good cap that will allow us to put some $$ away in the meantime. With that in mind, would a spot in these neighborhoods be feasible? Being near the CTA is a must, so we’d definitely lean towards the neighborhoods with great transit access and ideally lower crime rates given what I’ve seen others say about Chicago. Great videos man!
As a lifelong resident, dont move here. Use your money elsewhere. The expiration date on this city is quickly approaching. Its not a good investment. Even the good neighborhoods are being targeted by crime and subsequently many of the businesses are leaving, which will eventually lead to declining property values. If you dont need to live in a city, don't. If you would like the appeals of a city, you can get a decent property in the suburbs while still having access to the city when you would like eithin an hour drive or so.
You didn’t get a good response to this question, so I would say that yes, you could get a place in that budget in any of these neighborhoods except for maybe West Loop and River North which tend towards being expensive.
Lula’s is great too! I have an editor who edits my videos so sometimes the exact b-roll of the video doesn’t match up directly with the words. But thank you for pointing it out..
Crime is really high in Chicago, almost double NYC. And all those neighborhoods have routine shootings, car jackings (a new Chicago favorite), and plenty of robberies and break ins. Even the 16th district, the lowest crime district in the city is now a war zone.
I wish I could have seen more of the neighborhoods u spoke of and not so much of the narrator. Most of us watch the video to see the CITY, not the narrator. Info was pretty good.
Why would someone want to reside in a place like Illinois where the property tax is sky high??? People are moving out of Illinois and going to other states like Florida and Tennessee.
This is a transplant list for sure… add $100k to every median price given on this list. Logan Square has been gentrified by developers and transplants.
All very expensive, and unsafe neighborhoods. Car Jackings, Robberies, high crime. Awful schools, Terrible parking. If I were you, just LEAVE Chicago, before winter!
Every big city has it's fair share of crime/danger. Be a good citizen, keep your eyes and ears peeled and you will be fine. I'd be lying if I said there wasn't crime, but there are various pockets of the city that have a higher or lower crime rate.
Depends...would you rather A. be shot B. be carjacked C. be stabbed D. be robbed E. be raped in BRAOD DAYLIGHT ? Do your homework regarding RAMPANT violent crime in Chiraq . THEN decide.
![Stromae, Pomme - “Ma Meilleure Ennemie” (from Arcane Season 2) [Official Visualizer]](http://i.ytimg.com/vi/1F3OGIFnW1k/mqdefault.jpg)
Thank You for Watching! Feel free to let me know what other questions you have about BUYING or SELLING in Chicago down in the comments!!
I stepped back from the market when I realized that 7% interest means 2.5X the cost of the house in my area. The place where I live in California has gotten so expensive despite being rural that it's actually cheaper for me to live when I'm on vacation - even in Manhattan, New York. I just spent a month in Japan and realized that trip cost me less than my regular monthly expenses in California.
So I'm moving to Chicago because I visited every major city in the United States after high school to try to figure out where I want to live, and like Chicago best.
In California you have to have held employment for 2 years before it can be counted towards a mortgage, but with me moving I'm going to be switching jobs. Do I really have to wait 2 years or is there a loophole? I have never had a significant gap in employment in my life, leaving my current job on great terms, and my new job will be a $40,000 a year pay increase.
I lived in Andersonville about five years ago. I loved it. It is not as expensive as Lincoln Park or near Wrigley Field. I felt safe even at night. I did not even own a car for two years. I would walk to the grocery store, the bank, church, my dentist, the laundromat. I took the bus on Ashland to the brown line to the loop. One of the nicest times of my life. Calos Italian restaurant was only two blocks from me. The only thing I disliked was the cold winters and how dark it was in December at 4:30 in the afternoon.
Lived in Lincoln Square for four years, and in Hyde Park for four years. I absolutely LOVED Lincoln Square! Convenient to entertainment venues and restaurants without the noise of places like Wrigleyville or the traffic of Lincoln Park. It’s pretty safe, and has a real community feel. Lower-rise apartments. Wells Park. The Old Town School of Folk Music. A park district facility with an indoor pool. You can get anywhere really easily on the Brownline. Hyde Park is great if you’re going to grad school or teaching at grad school. It’s its own little kingdom in the city. But it is ISOLATED from the rest of the cultural parts of the city. It is bordered by some of the most dangerous neighborhoods in Chicago. How is the Chicago Symphony Orchestra in River North when it’s south of the river????
I don't live in Chicago, but I always admire the neighborhoods and homes in areas like the ones shown here. And the home prices don't actually seem priced high at all to me (relative to where I have spent most of my life and am now). But when I see the amount required for taxes and/or HOA fees, and I imagine the heating bills, I realize these great neighborhoods would never be an option. They sure are nice, though, for those who can afford them.
There are no hoas in city neighborhoods
@@Van-yo2xr True for houses in "the neighborhoods" of the city, but I know that there are condo developments that have them. For condos, the taxes may be lower but the HOA fees can be very high depending on amenities and the age, location, and size of the building. Right now, in a city FAAAAR west of Chicago, I have an older 863 sq. ft. condo with an HOA fee of $145/month and taxes around $90/month. If I were to move to the city of Chicago, I'd have to find something small in an older, multi-unit building in a neighborhood several miles north of the Loop (coincidentally, one like where I lived the first year of my life). I sure do love much of the Chicagoland area, including parts of the city.
Come to my house and shit me some $100 bills, dude you're tripping
This neighborhoods are super expensive!!!!
@@gils100games I know they are super expensive relative to average income, but the sale prices seem to be similar to my city. In my southwestern city (not including suburbs), the median home sales price is $491,000 as of May (according the internet). In my particular neighborhood, the median home price is $1,100,000. However, I bought my little condo four years ago for $200,000 at a low interest rate and it has gone up 50% in value in four years - which means I could never afford to buy it today. And even though my taxes are very low, I still wouldn't be able to afford it if I were buying today. But I can see why you say these Chicago neighborhoods are super expensive!
Chicago has FAR more than 77 neighborhoods. It has 77 Community Areas, each of which contain 3, 4, 5 or even more neighborhoods within them.
There are 77 official Community Areas in the City of Chicago. Anecdotally there may be many more than 77 communities in Chicago.
Nice video! I live in brazil, bit like Chicago a lot, specially the loop/ river north area. I don’t know how hard would it né for me to buy a small apartment/ studio there, but It’s something in my wish list
Literally!!! 😭 trying to find one omg - thank you for this video !
My fav is Gold Coast , i lived there for 2 years. During Cov I moved to Phoenix and bought my first single fam detached house 🏡 AZ is awesome with beautiful mountains and cactus 🌵 , I still miss Chicago
Gold Coast is nice, but very expensive
@@FactStorm it is, I was renting there
But then again, I can hardly afford anything except downtrodden areas.@@ni12907
Great video. I plan to move to Chicago in February of next year. And is it possible to get a few zip codes for the area you mentioned in the video.
Cool. And I’m in the smallest neighborhood in the city, the Villa, which is also in Irving Park. The whole neighborhood is a historic district.
I focused on greenery/parks, walkabilty scores , retail stores within three blocks, and access to the lakefront. I selected Hyde Park.
Great video, but I am a blue collar boy who can't afford any of these prestigious neighbourhoods lol. I love Chicago real-estate channels, this was professionally made so good job!
Interest rates are insane, and I cannot go over 120k for a condo, but that won't get me much except in downtrodden areas in the southside and westside. Any recommendations/tips aside from earning more money given my current situation? I am single and have no debt..but I am not looking to start getting into it either!
Not a day goes by that I miss moving out of Chicago. I lived in Uptown, which I loved at the time, but after about 10 years I had to get out. In November 2019, I was at the lake in that little wooded area by Montrose Harbor. I had a spot I loved to sit at that jutted out into the water a tiny bit and was like a little circle of 5 tall trees. I looked out at the water, turned around and looked at the wooded area, then turned again to see all the buildings and my heart sank. I wanted out. I wanted REAL nature. Real quiet. Real peace. I decided it was time to move out of the city even though that meant either extending my commute to work by an hour or finding a new job. Then Covid hit and everything changed. I was furloughed in April and laid off in August so I was stuck there until June 2021. The city was a miserable place to be. Lori Lightfoot blocked off the lakefront so my safe haven was gone. Crime significantly increased (the last few weeks I lived there, a woman wandered the neighborhood and stabbed multiple people in broad daylight), you needed to “show your papers” to eat at a restaurant to prove you were vaccinated, and the riots (people like to pretend they didn’t happen but my sister’s building was caught on fire and my ex’s building was sh0t up from outside AND inside - a nice building too in the south loop).
I now get anxious if I have to go into city which is sad. I use my dog as an excuse to not go into the shared workspace downtown because I want nothing to do with it.
I lived in uptown too and absolutely loved it. We moved to Naperville in 2021 because we were priced out for the size of home we needed. I am anxious too when I go back to the city and avoid it at all cost. I love Naperville. Best decision we’ve ever made when it comes to safety, quality, environment, schools and diversity.
I know that you can't touch upon all neighborhoods in this video,but these are area the average city worker cannot afford. Most look to Mt. Greenwood,Beverly,Chicago Lawn as a retreat from the busy city.
What’s a good neighborhood for people over 50?
I would say "Forest Glen/Saugansh." It is on the Far North/Northwest Side of Chicago. It is a quiet and family friendly neighborhood that has a very low violent crimes comparing to many other neighborhoods in the city. Another good neighborhood is Beverly on the Far South Side of Chicago (not the $hitty South Side). But be aware that the home prices in these two neighborhoods will be higher than many other neighborhoods in the city (but not as crazy as the Loop, Gold Coast, Streeterville etc.).
Roseland
CSO is definitely not in River north…close by, but it’s in the loop
You're right! That's an error on my fault. Thanks for tuning into the video!
Apologies if this is a broad question, but my girlfriend and I are possibly moving to Chicago later this year (working out the details with our employers). We ran the numbers and a rough 33% combined would land around 1800-2000 grand a month for rent (and utilities ideally). We would like to put away money to eventually buy instead of rent, so I’d say that range is a good cap that will allow us to put some $$ away in the meantime.
With that in mind, would a spot in these neighborhoods be feasible? Being near the CTA is a must, so we’d definitely lean towards the neighborhoods with great transit access and ideally lower crime rates given what I’ve seen others say about Chicago. Great videos man!
As a lifelong resident, dont move here. Use your money elsewhere. The expiration date on this city is quickly approaching. Its not a good investment. Even the good neighborhoods are being targeted by crime and subsequently many of the businesses are leaving, which will eventually lead to declining property values. If you dont need to live in a city, don't. If you would like the appeals of a city, you can get a decent property in the suburbs while still having access to the city when you would like eithin an hour drive or so.
You didn’t get a good response to this question, so I would say that yes, you could get a place in that budget in any of these neighborhoods except for maybe West Loop and River North which tend towards being expensive.
LaGrange, Riverside, & Brookfield. All family neighborhoods that are close to Chicago and have easy access to the train.
In your segment about Logan Square you mention both Giant and Longman & Eagle but not Lula Cafe which is where the footage is filmed?
Lula’s is great too! I have an editor who edits my videos so sometimes the exact b-roll of the video doesn’t match up directly with the words. But thank you for pointing it out..
How about neighborhoods that are good to live in but not super expensive?
Does anybody know much about the Portage Park area? I’m thinking about moving there soon….
It depends on the areas you go to as far as crime is concerned
Crime is really high in Chicago, almost double NYC. And all those neighborhoods have routine shootings, car jackings (a new Chicago favorite), and plenty of robberies and break ins. Even the 16th district, the lowest crime district in the city is now a war zone.
I wish I could have seen more of the neighborhoods u spoke of and not so much of the narrator. Most of us watch the video to see the CITY, not the narrator. Info was pretty good.
Wild how many videos I see talking about cars in Chicago neighborhoods smdh
Why would someone want to reside in a place like Illinois where the property tax is sky high??? People are moving out of Illinois and going to other states like Florida and Tennessee.
Lincoln Park and Sedgewick Street' historic homes and newer homes
What about South Loop Printers Row
This can be a good area to still be close to the loop while allowing you to stretch your dollar a bit further.
What neighborhood is the condo in the recent movie The Breakup?
Lincoln Park - 448 W Wrightwood
Is 2303 noth lamont in a good neighborhood
Irving park is dangerous based on what I’ve seen online
No one is going to do the crazy rates that the Fed manufactured in regard to the mortgages. Renting is the new trend
Hello from Georgia 🇬🇪 hope to relocate one day 😊🤦🏼♂️😃
Let me know if I can help you one day :). Best of luck!!
Born and raised in Chicago, I guarantee that if you move to Shitcago, you will be sorry. Stay alive, stay away.
Logan Square is great. West Loop and River North are both kind of awful.
He's been here for 10 yeRS AND THSE ARE HIS PICKS. DUH! MUST BE FROM THE DUBURBS.
This is a transplant list for sure… add $100k to every median price given on this list. Logan Square has been gentrified by developers and transplants.
All very expensive, and unsafe neighborhoods. Car Jackings, Robberies, high crime. Awful schools, Terrible parking. If I were you, just LEAVE Chicago, before winter!
All of those neighborhoods are way overpriced, high crime rates, not very neighborly. This guy does not know what he’s talking about
Appreciate you stopping by the channel. They are all opinions so THANK YOU for yours. Don’t watch my videos if you don’t like what I have to say.
Do you shit $100 bills dude you're naming super ridiculous expensive neighborhoods... Name affordable hoods, dude you tripping.
Hm, I thought it was dangerous there?
Every big city has it's fair share of crime/danger. Be a good citizen, keep your eyes and ears peeled and you will be fine. I'd be lying if I said there wasn't crime, but there are various pockets of the city that have a higher or lower crime rate.
Maybe don't get your information about the city from Fox News
Stay away from the South Side and the "Little Al Capones" in Chicago. You'll be fine.
You know nothing about the South Side.
All very vanilla choices.
We moved out in 95, will never move back 💯!
why
@@sdawg573 higher taxes…!
Depends...would you rather A. be shot B. be carjacked C. be stabbed D. be robbed E. be raped in BRAOD DAYLIGHT ? Do your homework regarding RAMPANT violent crime in Chiraq . THEN decide.
yep, just google "cwbchicago"...
Oh my god keep crying
@trolldaddy-xz5io trolly daddy sucks at trolling my heart hasn’t been hurt
Good luck staying alive
wild wild west
I left in 1989 from Lincoln Park. What they did to Chicago re crime and shootings is awful. Won’t my be back to this woke city
Chicago was way more dangerous in the 80's than today.