A client and I were looking at single family homes and two flats today. She's new to the city but described her needs and wants... eclectic neighborhood, decent commute downtown for work, etc... the budget also was a constraint.
For this wish list under $400K for a two flat and $325ish for a single family home, I suggested Avondale. She asked around, and her friends in the city concur that it would be a good option.
Houses in good condition near the CTA Belmont Blue Line stop for the low $300s are scarce...if any exist at all. Two flats will probably be the better option as the renter will help subsidize the mortgage a bit. My client could also take on a room mate and have several streams of revenue coming in. However, choices for solid two -flats within four blocks of the CTA stop under $400K are tight as well.