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Old 01-27-2008, 11:02 PM
 
2,141 posts, read 5,133,468 times
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It does look like a lovely condo, but if I had that money, I'd move closer to the Gold Coast, downtown or Lincoln Park.
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Old 01-28-2008, 06:28 AM
 
Location: Chicago's burbs
1,013 posts, read 3,009,708 times
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I would imagine you can get a pretty nice condo in Manhattan for that price!
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Old 01-28-2008, 02:13 PM
 
66 posts, read 69,804 times
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Quote:
Originally Posted by sbd78 View Post
I would imagine you can get a pretty nice condo in Manhattan for that price!
Condos (they call them apartments) in Manhattan can go for upwards of $1k a sq/ft. However, I don't think Evanston can commmand such a premium. I live in one of the other condo buildings in the "heart of downtown" Evanston, and the market seems to be upwards of $300 but generally less than $400 sq/ft for the better buildings.

There are bars and restaurants that stay open past 10, but let's be honest, Northwestern is 1/5 the size of other Big Ten schools, so it's not to be expected to feel like Ann Arbor...

What downtown Evanston offers is very convenient Metra transit to the Loop (20-25 minutes), many walkable amenities and a generally urban feel, and close proximity to the lake. My wife and I considered it the least compromised move to the suburbs when we left Old Town.
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Old 01-28-2008, 08:07 PM
 
Location: Evanston, IL
137 posts, read 1,632 times
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That is the asking price. I believe they will get it. There are many North Shore empty nesters purchasing these.
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Old 01-29-2008, 06:47 AM
 
Location: Oak Park, IL
5,100 posts, read 7,655,834 times
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Evanston has quietly become the home of several hedge funds, private-equity firms, and other financial services companies. The advantage of being in Evanston versus downtown Chicago is proximity to the big house in Kenilworth, but some of these wealthy financial-types probably must still interested in high-rise living steps from work and can well-afford a multi-million dollar condo.
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Old 01-29-2008, 07:02 PM
 
531 posts, read 782,395 times
Reputation: 136
City data says

Estimated median house/condo value in 2005 was only $465,503 in Evanston
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Old 02-01-2008, 06:18 PM
 
Location: Evanston, IL
137 posts, read 1,632 times
Reputation: 25
Coldwell Banker has a better average of $680,000 in 2007.
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Old 02-01-2008, 06:26 PM
 
Location: Chicago
15,589 posts, read 11,803,066 times
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There is a fool born every minute...
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Old 02-15-2008, 04:37 PM
 
162 posts, read 480,490 times
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Hey I'll take it, just one thing I need to step out and buy a lottery ticket!! What a great crash pad for my family during Chicago visits.
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