Are Investors Still Buying Condos? A 2/2 at 235 W. Van Buren in the Loop
This 2-bedroom in 235 W. Van Buren in the Loop recently came on the market.
The building was constructed in 2009, during the bust, and has 714 units and a parking garage.
This unit is a corner unit on the 36th floor so it has two walls of windows and views.
The unit has exposed cement ceilings and hardwood floors in the main living areas.
The kitchen is open to the living/dining room and has white cabinets, granite counter tops and stainless steel appliances with a breakfast bar.
Both bedrooms are fully enclosed.
The master suite has an en suite bathroom and walk-in-closet.
It has the features buyers look for including central air, washer/dryer in the unit and 2-car tandem parking is $50,000.
The listing says the building is “investor friendly” with “no rent cap.”
The building is also, according to the listing, just 44% owner occupied.
Is becoming a landlord and renting out condos still a “thing” in 2019?
Matt Laricy at Americorp has the listing. See the pictures and floor plan here.
Unit #3601: 2 bedrooms, 2 baths, 1292 square feet
- Sold in January 2010 for $487,500 (included the parking)
- Currently listed at $449,888 (plus 2-car tandem parking for $50,000)
- Assessments of $499 a month (includes heat, a/c, gas, doorman, cable, Internet, exterior maintenance, scavenger, snow removal)
- Taxes of $9909
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 11×11
- Bedroom #2: 11×15
- Balcony: 5×7
- Walk-in-closet: 8×4








