Quote:
Originally Posted by vandelay
You get a real sense of how much space you can get in Chicago from those pictures.
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Well, Chicago you get way more bang for your buck than NYC, that's for sure. However, I don't think these pictures do Chicago any justice as far as how much space you can get. Just looking at the floor plans for one unit that's over $4000 per month (
https://www.relatedrentals.com/apart...m-1-bath-38349) By my measure this is somewhere between 650 or 700 square feet.
The apartment I had in Chicago before I moved (in Gold Coast, downtown) was around 700 square feet and today costs just over $2000 per month. My unit was completely gut renovated before I had moved in. The living room + kitchen in the link above is only 5 square feet larger than what I had, and my bedroom was slightly bigger. I also had a walk in closet which the OBP unit does not have, though I did not have in-unit W/D which OBP unit has. My buildings public areas like the amenity area (gym, pool tables, party rooms, public kitchen, grills, etc) was completely gut renovated around the same time as my unit too. Big lobby, doormans and all that which are common in downtown. The OBP unit looks pretty nice, better than my old one (mine was decent - not overly nice but not bad), but not so much that would make me want to pay almost literally double the price. Also, my old building's location is much nicer than where OBP is as far as having things right outside of your front door nor is OBP anywhere near as close to a train as mine was. OBP location is nice if you plan on going to the lake or Ohio Street beach all the time when it's nice out, but as far as things to do right outside of your door, it could be better. That area is not exactly one I'd be clamoring for if I want convenience right outside of my door.
$4000 per month at only 650-700 square feet is completely and utterly overpriced for downtown Chicago. For example, here are 2 bed/2 bath apartments at OneEleven, which are 1050 to 1150 sq ft, for the same price which are also from Related:
https://www.oneelevenchicago.com/flo...y=¶m=price
There are 2 bedroom units in my old place at 1000 square feet that are just under $3000 per month. I don't think this shows how much space you can get in Chicago. These units are wildly overpriced versus most other buildings anywhere in the entire city. Most 1 bedroom places downtown of similar size are going to be around or under $2500/month now. Some of the newer buildings are more expensive, let's say closer to $3000/month now (For example, a 775 sq ft 1 bedroom at 640 N Wells is just under $3000/mo -->
https://www.apartments.com/640-n-wel...go-il/3wk7rle/) but that's still $1000+ cheaper than OBP and a lot of them are in better locations. The location of OBP might be akin to living at like 45th and 11th in Manhattan except for 45th and 11th is still more industrial than this area of Chicago.