According to an article recently published on Crain’s Chicago Business, rent rises on the North Side of Chicago are expected to continue to rise, whereas downtown rent prices are starting to see some relief. New construction downtown means additional supply which equates to more reasonable rent prices for the foreseeable future. However, with land very hard to come by on the North side, desirable areas such as Lincoln Park and Lakeview aren’t seeming the same construction of new apartment buildings. Demand is still high in those areas so we don’t expect any relief for the high rent prices to the North anytime soon. Instead expect to see rent prices rise between 5 – 10% this year.
Step 16 to Buying a Home: Tips for Attending the Home Inspection
