Quote:
Originally posted by Did you just call me Coltrane?
What do we think? I'm very close to buying a place in Lakeview - I think it's a great deal (compared to surrounding sales in the area). It's not new construction, and actually needs some work (which I like). Moreover, it's not a stepping-stone place; I plan to stay there for at least five years.
The Lakeview market is in no danger of moving drastically in any direction, right?
|
If it's in "West Lakeview" (i.e., around Ashland or Damen) then it's a strong growth area that's really only in the early stages of gentrification. That makes the five-year appreciation potential huge. Negatives are you might not want to do much walking around at night until you get a good feel for the neighborhood, and there is not nearly as much public transtportation. My brother lives near Barry and Damen and he drives downtown because it would be over an hour commuting by bus to the el.
