Joel has lived in Chicago for at least the past 18 years, and he has lived in his beloved Lincoln Park neighborhood. His current living situation limits his space. It’s a cramped one bedroom. Having more space is the main motivation for his move.
He has a budget of $750,000. His no nonsense sister-in-law Rachel is coming along to assist his search.
Rachel believes that he needs to move into a hi-rise to get all the amenities fitting for a bachelor. She also thinks that he needs a dining room. Joel believes that he doesn’t want a hi-rise because it would most likely mean a move closer to downtown. He wants to stay in the Lincoln Park area.
He wants his new home to have a modern look with an open floor plan. He wants a large kitchen island. Joel also wants office space, outdoor space, and at least three bedrooms.
House #1, $750,000
This 2100 sq. ft. duplex home is located in the Lincoln Park area. It’s only a few blocks away from his current place. The exterior has a vintage design. It was built in the 1990s. The place comes with a $340 a month HOA that only includes maintenance.
The home has three bedrooms, two bathrooms, dining space, and office space. The kitchen is newly remodeled with a sleek, bright look. This design theme carries throughout the place. The master bedroom is on the smaller side, so is the outdoor space and walk-in closet.
House #2, $645,000
This home is located in the South Loop. It’s a 2009 built hi-rise with three bedrooms and two bathrooms. It has a very modern look. The HOA is $784 a month, and it includes a ton of amenities, like a rooftop deck, gym, and jacuzzi. This home has beautiful views of the skyline.
It has has everything on Joel and Rachel’s wish lists, including a dining space and an updated kitchen. It also has additional small outdoor space, but the rooftop deck is the main outdoor place. It has a large bathroom and bedroom.
House #3, $780,000
This home is located in the Lincoln Park area. It’s about a half mile from his current location. It’s a new construction with two bedrooms and two bathrooms. The HOA is $230 a month. This home is very modern, but it has a lot of stairs. The kitchen has high end appliances and the guest bathroom has a jetted tub. It also has it’s own huge rooftop deck.
Decision Time: It seemed fairly obvious that Joel would pick the hi-rise right? The views were fantastic and it was the only home under his budget. However, that HOA was ridiculous.
In the end, Joel picks…House #3
His realtor Paul got a deal on it. He bought it for $773,000 instead of $780,000.