Saturday, January 08, 2011

Renting Chicago: Old Town neighborhood has it all

Chicago offers several city centers that afford luxury renters moving here the lifestyle they are looking for. When relocating to Chicago, no luxury location may be better than Old Town on the Near North Side. It's a great mix of gorgeous architecture, dining, North Side easy living and downtown bustle all along famous North Wells Street. All this just steps from Chicago's lakefront beaches.

Luxury rentals over 2,500 sq/ft can range from $4,000 a month for well appointed townhouses and condos. Go larger and $5,000-$6,000 a month will get you 3,000-4000 sq/ft attached homes with rooftop decks and downtown skyline views. $8,000-$10,000 will net new construction single family homes for those with grander needs. At this time, there are few luxury rentals availble in Old Town. Only a handful could meet the needs of an executive level family of four or more.

For many, a good local grocery store is just as important as upscale dining.

Walk to a movie, show or world class comedy at Second City!

Luxury and higher end rentals are on the rise in top cities around the country and Chicago is no exception. Various reports are showing residential vacancies below 7% for the first time in 3 years (and with many more units hitting the market) and rental rates up 2.3% in the fourth quarter 2010.

1 comment:

Anonymous said...

Topo Gigio rocks!