Redfin, which is undoubtedly my favorite real estate website, recently posted an article discussing price trends in the Chicago real estate market. Beyond the standard statistics of price trends, year-over-year sales figures, etc, what I personally thought was most interesting was their comment on most expensive neighborhoods.
I have never built or developed a single family home, but I have always been curious to know that it costs (roughly) to build one from the ground up. After doing some serious Google-ing, I found that I was not the only one out there with this question.
I purchased this 850 square foot, 1 bed / 1 bath condominium, located in “The Coca-Cola Building” in the South Loop in October 2013. I bought it from a bank after it had gone into foreclosure. As you can see from the listing photos below, it was not a particularly attractive unit. However, I was drawn to the character of it.