Working in chicago downtown, planning to invest in 2 bd/2bth vs townhome, where 2 invest downtwn or suburbs ?

Pora
Home Buyer
Loop, Chicago, IL

Concern -good appreciation so that it is profitable on selling ,as may keep it for 4-5 yrs or easy to rent.which area is best to invest in chicago inthis current market.

Answers (5)
PD
Home Seller
60546

Riverside,IL is a suburban gem. There are a few 2br/2 bath condos available that are walking distance to the Metra. The ride is only 15 minutes. The suburb is very close to the malls and grocery shopping. Also, it's a really close to I-55 or I-290. The schools are great too!

Mon Jun 15 2009, 10:06
Carmen Keslin
Agent
60464

Pora,
Like I told you before, email me your criteria, trulia@CarmensHomes.com and I will set you up. You can decide then yourself what looks like a better investment, the city or the suburbs. You have nothing to lose.

I look forward to hearing from you,

Carmen Keslin E-Pro
Remax 10 In the Park
708-533-0515

Mon Jun 15 2009, 08:59
Pora
Home Buyer
Loop, Chicago, IL

More suggestions are welcome....

Thu Jun 11 2009, 11:20
Carmen Keslin
Agent
60464

I can help you, Pora. I have an awesome email program that I can put you on if you are approved. Are you working with a Realtor? Are you approved? If not, I can get you approved for FREE, over the phone too! I have lenders who are GREAT! They have low closing costs, competetive prices and will return your calls. As soon as you are approved, I will set up that email program and then you can decide and compare if the city or suburbs is what you want. You will be able to check out assessments, taxes and even see photos or virtual tours. The best thing is that this email program is AVAILABLE homes that fit your criteria. If you are a first time home buyer, you will qualify for the $8000 FREE money that the government is giving but that has to be done before December 1st. The $8000 does not have to be repaid as long as you stay in the home 3 years. If you sell before the 3 years then you do have to repay it. If the townhome you like is FHA approved you will only need 3.5% down and I am very good at getting the seller to pay the closing costs, with creative financing. With FHA the 3.5% can be gifted, so all you will need is $1500 and I can get you into your home.

Feel free to call my cell, 708-533-0515, or email me at trulia@CarmensHomes.com with any questions. I look forward to hearing from you.

Carmen Keslin E-Pro
ReMax 10 In the Park
708-533-0515

Thu Jun 11 2009, 08:24
Chuck Stuparits
Agent
Oak Brook, IL
FIRST ANSWER

It depends on if you drive or take a train, and also you will get a lot more bells and whistles for your money in the suburbs. The taxes in Dupage county are considerably less than the city, property-wise and purchase-wise.. With Chicago trying to get the Olympics I have a lot of clients leaving the city because of the tremendous tax hikes to cover the costs of the Olympics. The suburbs also have more of a family setting if you have children, and better rated schools. Less crime too.

Thu Jun 11 2009, 08:06

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