Home Buying in South Shore>Question Details

Earnestly Se…, Home Buyer in Chicago, IL

What was the selling price of the last few 1 bedroom units in the 6730 so. shore building.? Is this building worth buying a unit in?

Asked by Earnestly Seeking, Chicago, IL Sun Dec 6, 2009

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Wayne Beals’ answer
It's been a while since a one bedroom in this building closed. The two bedroom units that have closed over the last 6 months have closed between $52,475 and $107,000. The prices have slid rapidly in this building, and the assessments have risen steeply.

If you're considering buying, look carefully at the financial condition of the association and look for capital improvement plans and reserve planning. Assessments in elevator buildings can get out of control very rapidly if maintenance and reserve planning are not adhered to.

Otherwise, great location with some great views. It's a great time to buy in South Shore as the prices have moderated greatly.

Call with any specific questions.

Best of Luck

Wayne Beals
Keller Williams Chicago Consulting Group
716 East 47th Street
312-77BEALS
312-772-3257
wbeals@kw.com
0 votes Thank Flag Link Sun Dec 6, 2009
everything has a good value if its researched
0 votes Thank Flag Link Fri Aug 16, 2013
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