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Old 01-09-2008, 08:05 PM
 
Location: Chicago, IL
14 posts, read 91,762 times
Reputation: 15

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My apartment search is well underway and I'm wondering if anyone has feedback on Planned Property Mgmt? They appear to have a number of decent apartments in the Lakeview/Lincoln Park area, but are they dependable?
thanks!
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Old 01-09-2008, 08:09 PM
 
1,006 posts, read 1,482,647 times
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I have found two great rental condos in the last 5 years through regular realtors who also deal in rentals. I feel the condos are nicer, by and large, than the rental buildings I looked at. What is your price range?
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Old 01-09-2008, 08:28 PM
 
Location: Chicago, IL
14 posts, read 91,762 times
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I am aiming for about $1000 for a one bedroom. Not sure that a condo is in my price range
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Old 01-11-2008, 11:08 PM
 
Location: Chicago
15,587 posts, read 25,335,115 times
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Quote:
Originally Posted by panthea View Post
I am aiming for about $1000 for a one bedroom. Not sure that a condo is in my price range
With $1100 for a 1bd condo I dont see how it is not.
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Old 01-12-2008, 11:02 AM
 
1,006 posts, read 1,482,647 times
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YOu have to look at monthly assessment and property taxes. The mortgage might be doable, but the assessment depends on the building and amenities; taxes are, naturally, always rising here in Chicago.

And, in older buildings, you have to watch the issue of special assessments for capital improvements. If there aren't sufficient $$ in the building capital improvemennt fund, owners can get hit with, in some cases VERY large, special assessments. Particularly true of older buildings and DEFINITELY true of 70's era buildings, which were mostly not built very strongly, and it's time, now, for major retrofit.

So, even a relatively low monthly assessment for a condo can be deceiving, if this is leading to a lower amount of $ in the capital improvement fund of the building over time....thus leading to "specials" when the time comes, which always does come. Brand new bldgs not an issue yet, but the taxes are often higher....
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