Rent in Chicago under $400 (Lincoln, Bridgeport: real estate, rentals, landlord)

[jeffersondavis]

Originally Posted by nearnorth

Yep. There are plenty of neighborhoods that aren't "ghetto" that have studios for under $700. For $700 you can get one in Lakeview.

Prove it. There might be a handful of tiny studios in lakeview for $700 but the majority of them are $800+

[DrEarth]

Originally Posted by jeffersondavis

Prove it. There might be a handful of tiny studios in lakeview for $700 but the majority of them are $800+

There are a number of neighborhoods in Chicago outside the bubble of the Lakeview that are affordable.

I rent a 1 bedroom in a nice neighborhood for under $600.

[pidgeon92]

Originally Posted by jeffersondavis

Prove it. There might be a handful of tiny studios in lakeview for $700 but the majority of them are $800+

Really? I'm way undercharging. My Andersonville studios are all under $700.

[Drover]

Originally Posted by pidgeon92

Really? I'm way undercharging. My Andersonville studios are all under $700.

Unless they're hovels... yeah, you're probably undercharging. But as long as you're cash-flowing and attracting good tenants, might as well stick with what you're doing.

[nearnorth]

Originally Posted by jeffersondavis

Prove it. There might be a handful of tiny studios in lakeview $700

Exactly. I'm glad we agree. What is it that you want me to prove to you?

Originally Posted by jeffersondavis

but the majority of them are $800+

Yep, we agree there, too.

[nearnorth]

Originally Posted by pidgeon92

Really? I'm way undercharging. My Andersonville studios are all under $700.

It's possible you're undercharging, but Andersonville is generally cheaper than Lakeview, so that's the best gauge.

[andrew61]

Originally Posted by DrEarth

There are a number of neighborhoods in Chicago outside the bubble of the Lakeview that are affordable.

I rent a 1 bedroom in a nice neighborhood for under $600.

What neighborhood might that be? (I'm just curious.)

[PerseusVeil]

Originally Posted by jeffersondavis

Prove it. There might be a handful of tiny studios in lakeview for $700 but the majority of them are $800+

You might be surprised by what you can find in Lakeview if you look hard enough, especially over the summer. I toured quite a few studios between $700 and $800 over the summer.

You can even find decent one bedrooms for less than $1,000.

[nearnorth]

Originally Posted by nearnorth

It's possible you're undercharging, but Andersonville is generally cheaper than Lakeview, so that's the best gauge.

I meant to say that's NOT the best gauge.

[Vlajos]

Originally Posted by pidgeon92

Really? I'm way undercharging. My Andersonville studios are all under $700.

I've seen quite a few studios in Andersonville listed at $650, so that makes sense. I have no idea what they are like inside, just saw signs on buildings.