On the other hand, if you want to be in this area, this is where you can find the lowest priced condos. Let me know if I can be of further assistance. You can call or text me directly.
Lydia Gutierrez | Broker Associate | c: (312) 730-5999 | f: (312) 602-4940
Century 21 McMullen | 6400 N. Northwest Hwy, Chicago, IL 60631
Lydia@ChicagoHomesRealty.com | http://www.ChicagoAreaHomeFinder.com
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Call me or email me for more info BarcelonaRealtor@gmail.com
The building has one of the largest foreclosure rates of any Chicago building, as may units were sold to investors, who have walked away from their upside-down units.
The building suffered a major flood about 4 years ago when the Chicago River was overwhelmed. Multi levels of the garage and commercial spaces were underwater and people lost their cars. The association will always have high assessments and be in risk of special assessments. However, the association does not cover many things that other association do, like windows or balcony repairs.
The interior River Walk has always reminded me of a prison. the entire inside and the entire outside is all concrete with interior "balconies". Most units have exterior balconies, that overlook a nice park on the property. This is one of the few building that had parking spaces and boat slips.
If you were to buy a studio, which is all the investment I would safely recommend, you will get a decent rental rate. May college students will get in and stay in, until they graduate.
Phash stated below "it's cheap because it's on the SouthSide". There is no truth to this statement. There are condos a few doors down there are very expensive.