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Old 05-02-2014, 12:21 PM
 
14 posts, read 16,587 times
Reputation: 13

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Quote:
Originally Posted by marothisu View Post
60614 is the area of Lincoln Park which is one of the safest parts of town. Hyde Park is a good part of town, but you aren't going to want to live there if you're working in Lincoln Park because of the commute. Hyde Park isn't very exciting either.


I'd recommend Lincoln Park, Lakeview, Old Town, Gold Coast, River North, or Streeterville. All of these will be a pretty easy commute to work, all are safe, and all have a lot of things to do. They're all walkable areas where you don't need a car, but if you need one you can always catch a cab, the train, walk, or use a bike via bike share (or your own). Where you will be working is just north of the downtown area which is mostly full of tall buildings (but not all are tall buildings). There are also some tall buildings along the lake where you will be working, but not nearly as many. Most of the buildings are 5 stories or lower.
Actually, if you're driving, the commute from Hyde Park to Lincoln Park is pretty easy. I've been doing it every day for ten years.

BUT, Hyde Park would be a boring place for a single 22 year old. I live there because it's a good family neighborhood and I'm middle aged, so less interested in night life.

The recommendations in this post are all good. Visit Hyde Park for the lakefront, the University of Chicago, and the Museum of Science and Industry, but don't move there..
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Old 05-02-2014, 12:26 PM
 
14 posts, read 16,587 times
Reputation: 13
Quote:
Originally Posted by nana053 View Post
I went looking and there is a significant difference between condos and coops

A condominium owner actually owns the apartment in fee simple, like any other homeowner, and owns an undivided interest in the common areas like parking lots, recreations areas, lobbies and hallways.

In a cooperative apartment complex you don't actually own any real estate. Rather, you own shares in a not-for-profit corporation. As a shareholder you get the right to lease space in the building. The corporation owns the common areas.
As a practical matter, a co-op is pretty similar to a condo. When you need to move, you hire a realtor, show it, and somebody buys you out based on the market value of where you live.

One potential advantage of a co-op is that if it's well managed and financially solvent, the co-op will be responsible for more of the day to day maintenance expenses of the property.

One big drawback is that banks are leery of lending money to buy into a co-op, and far less likely to offer home equity loans or re-fi with cash out if you're a co-op resident.
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Old 05-02-2014, 12:57 PM
 
23 posts, read 24,781 times
Reputation: 11
Default hyde park

Quote:
Originally Posted by zoobadger View Post
Actually, if you're driving, the commute from Hyde Park to Lincoln Park is pretty easy. I've been doing it every day for ten years.

BUT, Hyde Park would be a boring place for a single 22 year old. I live there because it's a good family neighborhood and I'm middle aged, so less interested in night life.

The recommendations in this post are all good. Visit Hyde Park for the lakefront, the University of Chicago, and the Museum of Science and Industry, but don't move there..
Is hyde park safe?
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Old 05-02-2014, 01:07 PM
 
Location: Upper West Side, Manhattan, NYC
15,323 posts, read 23,923,075 times
Reputation: 7419
Quote:
Originally Posted by zoobadger View Post
Actually, if you're driving, the commute from Hyde Park to Lincoln Park is pretty easy. I've been doing it every day for ten years.

BUT, Hyde Park would be a boring place for a single 22 year old. I live there because it's a good family neighborhood and I'm middle aged, so less interested in night life.

The recommendations in this post are all good. Visit Hyde Park for the lakefront, the University of Chicago, and the Museum of Science and Industry, but don't move there..
I agree that the commute would be easier if you were driving - but yeah for someone looking for exciting city life, Hyde Park is not the place to be. Good place to visit for some stuff and it's a good neighborhood but not exciting.
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Old 05-02-2014, 01:08 PM
 
Location: Upper West Side, Manhattan, NYC
15,323 posts, read 23,923,075 times
Reputation: 7419
Quote:
Originally Posted by emma hamid View Post
Is hyde park safe?
Yes it's safe, but perhaps you should read what I said about it before and even the poster you're responding to. You want exciting city life - Hyde Park is not that type of place. Even the guy you're responding to said it wouldn't be a good fit for you.
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Old 05-02-2014, 02:24 PM
 
23 posts, read 24,781 times
Reputation: 11
Default Marothisu

Thank you Marothisu. You Have been most helpful with all your comments.
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Old 05-04-2014, 08:45 AM
 
91 posts, read 214,784 times
Reputation: 65
Quote:
Originally Posted by Standard111 View Post
Buying a home for a newcomer, is NOT cheaper than paying rent. That makes no sense. Closing costs alone will be six months rent.

Buying only makes sense if you're confident you will be in an area for a while. If you're young and transient, it's almost guaranteed to not make financial sense.
He did the math and we verified it. How do you know? And yes he plans to stay for at least 3-4 years as the company is also paying the tuition for him to get an advanced degree.
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Old 05-04-2014, 09:08 AM
 
Location: Bucktown, Chicago and Red Wing View, Antioch, IL
15 posts, read 18,496 times
Reputation: 18
Hyde Park is safe because of the patrol because of Chicago University. But "city life" is something like Bucktown or Lincoln Park at North Ave.And it is both safe.

Are you okay for $1200 a month for apartment? Then, you'll be fine.

Also, want to know unsafe Chicago areas?
Englewood.
Garfield Park
Belmont Cragin
Austin
Cabrini Green
City border at Howard
A lot of the South side( Don't count Hyde Park, it's safe)
Portage Park I heard is getting worse.
West side of western Ave is Okay but not the safest.
East side of Western is safe.
As long as you avoid tthose areas, you are fine

Last edited by halfantiochhalfbucktown; 05-04-2014 at 09:09 AM.. Reason: error
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Old 05-04-2014, 09:32 AM
 
23 posts, read 24,781 times
Reputation: 11
Lisah168 i went onto the forum your partner started as i was looking at who else from the UK has moved to chicago. How long have u been there? was it a good move? I'm very 50/50 as to whether i should or not.
Thanks and also thank you halfantio
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Old 05-04-2014, 09:57 AM
 
28,453 posts, read 85,379,084 times
Reputation: 18729
Default Simplistic and not really helpful...

Quote:
Originally Posted by halfantiochhalfbucktown View Post
Hyde Park is safe because of the patrol because of Chicago University. But "city life" is something like Bucktown or Lincoln Park at North Ave.And it is both safe.

Are you okay for $1200 a month for apartment? Then, you'll be fine.

Also, want to know unsafe Chicago areas?
Englewood.
Garfield Park
Belmont Cragin
Austin
Cabrini Green
City border at Howard
A lot of the South side( Don't count Hyde Park, it's safe)
Portage Park I heard is getting worse.
West side of western Ave is Okay but not the safest.
East side of Western is safe.
As long as you avoid tthose areas, you are fine
As Cabrini Green is essentially GONE and the surrounding area is pretty close to 100% redeveloped it is silly to have that on a list of "unsafe" areas.

Fact is lots of violence outbreaks in Chicago are predictably found in places like Englewood, which is totally avoid of employment and not anyplace that an outsider ever has reason to go, while there are still odd little pockets of even mostly gentrified areas of Uptown that still harbor a collection of bums and thugs that mean folks need to consider some areas block-by-block...
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