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Old 03-03-2008, 06:50 PM
 
Location: Mickleton, NJ
55 posts, read 175,106 times
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If we can go as high as $650k, does that make any difference? Would Lincoln Park/Hyde Park, etc. be options for us (3br, 2bath)?
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Old 03-04-2008, 03:17 PM
 
Location: Mickleton, NJ
55 posts, read 175,106 times
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Also, do a lot of families live in these areas or are they primarily younger folks just starting out? Never lived in the city, always the burbs so please forgive any ignorance I'm giving off.
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Old 03-04-2008, 03:27 PM
 
Location: chicago
391 posts, read 1,303,250 times
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There's a ton of yuppies in lincoln park. Seems like mostly people I college. Not sure if there's a lot of families.
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Old 03-04-2008, 03:28 PM
 
Location: Chicago
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There are families in the single-family homes in the area. those run a million-plus. No way that fresh grads are buying those places.
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Old 03-04-2008, 03:33 PM
 
Location: Tower Grove East, St. Louis, MO
12,063 posts, read 31,623,677 times
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At 650 you're still in condo range for Lincoln Park. but you can get a great place in that range and and many options for less. If you're wanting a SFH you need to look to other areas. I don't know a lot about the family friendly areas in the city, only that they exist... Sorry I can't be more help.
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Old 03-04-2008, 03:34 PM
 
Location: chicago
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Very good point. Guess it just seems that way cause of all the young people in that area.
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Old 03-04-2008, 04:08 PM
 
Location: Chicago
38,707 posts, read 103,185,348 times
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Quote:
Originally Posted by dragoro View Post
Very good point. Guess it just seems that way cause of all the young people in that area.
Yeah, it can be easy to lose sight of the fact that there is also some serious money in Lincoln Park. Some of the best rowhouses in the city are along Fullerton from about Halsted east nearly all the way toward the park.
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Old 03-04-2008, 08:34 PM
 
Location: Chicago
15,586 posts, read 27,612,634 times
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Quote:
Originally Posted by Drover View Post
There are families in the single-family homes in the area. those run a million-plus. No way that fresh grads are buying those places.
Oh they do if mommy and daddy are loaded. I would agree they are far from being the majority, but it happens more than one thinks.

Last edited by Avengerfire; 03-04-2008 at 08:43 PM..
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Old 03-04-2008, 08:38 PM
 
Location: Chicago
38,707 posts, read 103,185,348 times
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Quote:
Originally Posted by Avengerfire View Post
Oh they do if mommy and daddy are loaded. I would agree they are dar from being the majority, but it happens more than one thinks.
I don't think mommy and daddy are buying these kids single-family houses or rowhouses. Condos and maybe townhouses, sure. But single-family houses? I doubt the percentage of student-occupied single-family houses in LP is much past the low single-digit range. I would think parents with the kind of money to blow on a million-dollar house for their student children are buying said children into far more prestigious schools than DePaul anyway.
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Old 03-04-2008, 08:43 PM
 
Location: Chicago
15,586 posts, read 27,612,634 times
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Quote:
Originally Posted by Drover View Post
I don't think mommy and daddy are buying these kids single-family houses or rowhouses. Condos and maybe townhouses, sure. But single-family houses? I doubt the percentage of student-occupied single-family houses in LP is much past the low single-digit range. I would think parents with the kind of money to blow on a million-dollar house for their student children are buying said children into far more prestigious schools than DePaul anyway.
I was talking recent grads of various unis, not recent Chicago uni grads. The parents surely do it as an investment.

Give junior several hundred thousand. He teams up with a couple friends and there you go a million dollar building.

I never said it was a huge amount percentage wise, but it happens.
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