Condos in Lincoln Park are more affordable now, you can get a nice one bedroom for under $200k. Contact me to get started.
All the best,
You should consider Wicker Park, Bucktown, East Village and Ukranian Village when conducting your search but these areas are still difficult to find a 1 Br for $200,000. North Lakeview, Uptown and Edgewater will open up more options but you're now well out of Lincoln Park. Having said that, the city is great for getting around and no neighborhood is too far away either via the El or Lake Shore Drive.
Good luck, Ken.
I am a Mortgage Banker and I can assist you with your financing needs. There are several home buyer programs in the city that you may be eligible for:) If you have any questions, please feel free to email me at Tino.Muratore@gmail.com. I know that you said you were going to be in the market in about a year, but it's not too soon to know your options.