My wife and I have been living in the Rogers Park neighborhood for 7 yrs. We reside on Fargo just west of Ashland. I have been a realtor for almost 10 yrs but all of my experience comes from the leasing side. The rental market in Chicago can be unpredictable but doesn't look like its slowing down anytime soon. The rental market in Rogers Park for a rehabbed/new construction 2 bed 1.5-2 bath are $1300 to $1450. One of my neighbors had me help them rent their place out 3 yrs ago. They rented it in 2 days for $1350 and have had the same tenant since. That is obviously not a typical situation. It also depends on if you plan to rent your own place or have a professional help you out. My wife and and I are currently weighing our options of whether we should rent our current place out or put it on the market to sell. We are expecting our 2nd child and have out grown our current place. The rental market in Chicago is good from May to Sept. The strongest from June to Sept. You need to actively list your property 60 days in advance. If you have any further questions please feel free to respond. Thanks.
Good luck with your search, and if you need our assistance please feel free to call on us. FYI: our new office opens December 1 and we also have offices at 5650 N Broadway.
Rusty A. Payton, Broker
5650 N Broadway
Chicago, Illinois 60660
In addition to the comments already posted here you will also need to consider your competition and show condition (obviously in relation to price).
If your competition shows better then they will rent out before you do if it's priced appropriate for the market. Rentals are really hot in Chicago and Rogers Park has always been a renters haven.
Work with a leasing agent that can best guide you as to pricing and show you what you're up against.
2 It depends more on the supply demand RP has been a decent rental market, but not one of the best for landlords. Some buildings are more popular for rentals than others. There are many factors that affect rentals.
3 There is nothing normal anywhere in Chicago
Rogers Park is located between two Universities, Loyola and Northwestern, you won't have a problem renting out your unit if you do decide to purchase then rent. These units, with the amenities you described and sqft, can rent out between the price range of $1350-$1575, depending on the condition of the building and unit. They usually rent out quickly before the fall semester starts however I noticed in Rogers Park units rent out pretty quickly between 15-36 days most of the year, winter months rents slow down a bit throughout Chicago. About the crime, well crime's everywhere sadly to say but my advice check out the Chicago Police's website or call the district, the 24th district covers most of Rogers Park. Good luck to you, if you have anymore questions send me an email at email@example.com
2. Depends on what you equate as good condition. If you are referring to granite, stainless steel appliances, hardwood floors, etc. then average would be around $1200+ depending on the layout and sq ft.
3. I have to refer you to the local municipality for exact statistics for crimce
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