Quote:
Originally Posted by Crawford
The vintage highrise units have the crazy monthlies because they have elevators, doormen, pools, gyms, garages, etc. So again, cheap price, but no appreciation and renting is probably a better deal for most. And you know these buildings are basically transient renter buildings, with absentee owners. But, yeah, they work for certain stages of life.
|
There's definitely a lot of the bolded, but there's also
shitloads of owner-occupied retirees in those older lakefront highrises as well. My parents live in one up in Edgewater and their building is full of retirees.
Their 2 bed / 2 bath 1,200 SF condo on the 20th floor with drop-dead gorgeous 300 degree wrap-around views of both the lake and the city in a FULL amenity building was only $275K.
The catch? $950 HOA.