How many condos for sale are available in Downtown Chicago, Chicago, IL?There are 24 apartments for sale in Downtown Chicago, Chicago, IL, with prices ranging from to $2,100,000. You can refinance your mortgage, extract some equity, rent out the condominium and then use the equity plus the rental earnings to buy your next property. Alternatively, if you’re a condo owner residing in your own unit, you can become a real estate investor a few years after purchase.

In addition, there’s often increased interest in condos due to their desirable location and amenities, so finding tenants should be easy.

Even so, condos can still offer decent returns when rented out. Granted, they also don’t appreciate in value as much as houses and come with homeowner’s association fees and specific rules and restrictions.

For instance, apartments for sale are less expensive than single family homes and require less maintenance. Are condos a good investment? Buying a condo is a smart choice if you’re new to real estate investment. A homeowner’s association typically manages these common areas and sets forth specific rules and restrictions at the building level, while also charging monthly fees. Condos are located in desirable areas within cities and usually come with several shared amenities, such as a gym, swimming pool, party room, etc. Frequently Asked Questions What is a condo?A condominium is a private unit that’s owned by an individual and is situated within a larger residential complex.

Zillow apartments for sale chicago