We’ve been chattering a lot lately about the price differences between renting and owning.
This 2-bedroom at 1245 W. George in Lakeview recently came on the market.
It is 1100 square feet with high ceilings, exposed brick and hardwood floors.
The kitchen has granite counter tops, stainless steel appliances and 42″ maple cabinets.
It has the features buyers (and renters) look for including central air and washer/dryer in the unit.
The unit also has a highly coveted garage parking space (a plus in the winter.)
It is listed at just $275,000, which is the lowest priced 2-bedroom currently on the market in the building. The other units are listed at:
- Unit #303: $299,900
- Unit #403: $298,000
This unit has been available to rent for $2000 a month (according to an old rental listing.)
Is it a better deal to simply buy now instead of renting?
John Vossoughi at @Properties has the listing. See more pictures here.
Unit #302: 2 bedrooms, 1 bath, 1100 square feet
- Sold in December 1998 for $222,000
- Sold in September 2001 for $286,000
- Sold in September 2006 for $355,000
- Currently listed for $275,000 (garage parking included)
- (It has been available to rent for $2000 a month)
- Assessments of $295 a month
- Taxes of $5265
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 12×12
- Bedroom #2: 11×9