Five Chicago Condos Under $ 100,000 – Chicago Magazine


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You might think that living in a big city is going to cost you a pretty penny, but big doesn’t always mean expensive. A city like Chicago will always have plenty of million dollar properties, but there are still affordable options. In May, we shared a list of Chicago homes under $ 300,000. Six months later, the Chicago real estate market continues to heat up and prices continue to rise. So let’s take a look at some listings that aren’t that expensive. Buying a condo is a big purchase for many people. You might not be able to buy a place with all the bells and whistles or in an absolutely perfect location, but some parts of town still sell for under $ 100,000.

Photo courtesy of Redfin

In historic Beverly-Morgan Park is the Longwood Towers Condominiums, a gated, double-courtyard Tudor Revival design originally built in 1929. It is located at the south end of winding Longwood Drive, the one of the most picturesque streets in the city due to its natural ridge line. Inside the building with stucco, brick and stone accents is a one-bedroom, one-bathroom unit currently on sale for just under $ 80,000. The condo is one block from Morgan Park Metra Station and a short distance from Western Avenue, 95th Street and Evergreen Plaza shopping areas.

Who knew you could live in Promontory Apartments, Mies van der Rohe’s first residential skyscraper in Chicago, for just $ 83,500 (excluding monthly HOA fees)? Built between 1946 and 1949, it is believed to be the first such building in the world to feature an exposed concrete frame. The two bedroom, two bathroom co-op unit has many of its original details, including the kitchen and bathrooms. This particular apartment can face west, but you can still enjoy the breathtaking view of the lake from the solarium on the roof of the building. The monthly assessment covers all building amenities as well as water, heating, electricity, wifi, cable and property taxes. Plus, it’s within walking distance of the lake and Promontory Point, Jackson Park, and the University of Chicago.

1409 W Farwell Ave APT J1, Chicago, $ 90,000

Who wouldn’t love to live in this lovely and charming one bedroom, one bathroom condo in the heart of Rogers Park? And for only $ 90,000. Located in a beautifully landscaped courtyard building, this vintage walk-up has a lot of potential. It has a laundry connection and a dishwasher in the unit, as well as additional storage space in the basement. You would be close to public transport, the lake and all the diversity the neighborhood has to offer in terms of food, art and culture.

Just a few blocks from Lake Michigan, you’ll find this 1927 U-shaped courtyard apartment building on the South Shore. The sunny vintage two-bedroom, two-bathroom unit is on the market for $ 73,000. Charming details include hardwood floors and arched doors, as well as subway tiles in the original bathroom. The condo is within walking distance of public transportation and the lake, as well as the South Shore Cultural Center which includes a nine-hole golf course, tennis courts, beach and park.

Uptown’s Marine Drive Apartments are a 1939 Modern Art design with period motifs like multi-colored bricks, glass blocks, and terrazzo floors. Architects Oman & Lilienthal, who also acted as developers, were best known for a number of luxury rental housing and cooperative residential buildings throughout the city. Upon its completion, Samuel Lilienthal and his wife moved into one of the units; Samuel Oman’s widow then lived here as well. The structure has a series of protruding arms to admire the view of Lake Michigan and Lincoln Park. There is also an Art Deco glass block and black fountain in the courtyard. It’s proof that living by the lake in a cool old apartment building doesn’t have to cost you a bundle.

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