Don't listen to another thing they say. They are so full of it, it should be dribbling out their ears. Chicago's Luxury Housing Market is Tanking: A Tale of High-Rise Hopes, Ground-Level Realities | Chicago Contrarian
A 25 percent loss in 5 years, on high end real estate in Chicago. Gee, I can't imagine why people in Chicago, who can afford it, are heading for the exits. Let's see... High taxes, even higher real estate taxes, and surging crime.
Another Streeterville unit, 100 East Huron Street, Apartment 3401, recently sold for $520,000, down from $860,000 when it last previously transacted in 2008. This decrease amounted to a staggering 40 percent decline in value over 16 years.
Streeterville, was, and probably still is, one of the most exclusive neighborhoods on the Third Coast. You could spend more money if you went to the norther burbs, and stayed close to the water, but in the city... Just off The Magnificent Mile. Just north of The Loop. Close to the entertainment district of River North. Close to the lake.
There is more, including some beautiful photos. RTWT.
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