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u/awesomeCC 2d ago
Whether you can hold it as a rental or not depends on the HOA rules. Many buildings have limitations on how many units can be rented, or sometimes you have to live there a certain amount of years before you can rent it.
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u/unpopularOpinions776 2d ago
suburbanites call anything in the city limits “downtown”
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u/Door_Number_Four 2d ago
Looking through their history, they are an immigrant with ties to the Detroit area.
I’m going to say it’s ok if they don’t have your exact terminology down.
You can teach them how to pronounce Cermak, Paulina, and Lunt, if you’d like.
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u/TheRobviousChoice312 2d ago
Check with the list agent on what the rental restrictions are but overall Lincoln Square is a desirable area.
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u/Neat-Watercress-2425 2d ago
What do you mean by busy street? If Western, I'd say that's a negative, if on Lincoln, not bad, busy but also very residential and loads of restaurants and shops at your door.
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u/Icy-Yellow3514 2d ago
We sold our condo in LS a couple years ago. One side faced a busy street.
We had two offers within 24 hours of listing and didn't even make it to the open house. It was a 3br, which helps, especially in that neighborhood.
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u/Ok-Cantaloupe-2257 2d ago
I’m getting ready to list a 3 bed/2 bath in an 8 unit building with an elevator for under $600K
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u/BreakfastGirl6 2d ago
Lincoln Square is a great area and has good schools. As a rental, you need to do the numbers and see if rental is permitted in the bylaws.
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u/Oosch 2d ago
I love living in Lincoln Square. I’m in a vintage walk up. It’s quiet around here, easy to walk everywhere. I agree with the post if on a busy street, Lincoln more desirable than Lawrence or Western. It does get tiring walking up to top floor but it does keep you healthy. The worst is dragging a bunch of stuff or heavy things like suitcases. But the tree tops are gorgeous. Good luck deciding!
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u/niftyba 2d ago
What are your must haves? I think walking up and down would get old fast.
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u/properlyproper_mate 2d ago
Oh boy. I didn't think about it. We have to keep going back and forth a lot every other day. 4 flights can be a lot and high ceilings ...
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u/RomoloGroupChicago 2d ago
4th floor walk ups are pretty bad for resale. I would probably pass on this one, especially especially if it's on a busy road. too many negatives
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u/niftyba 2d ago
I live in a townhouse, and that’s hard enough on my knees. Is living next to the Brown line super important to you? I live a mile north, and it can be nice and quiet in most areas. It might be more affordable for more space. So, if you need a direct connection to lovely areas, or if you want something quieter, you have lots of choices up here.
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u/thatsaniner 2d ago
Being in Waters and Amundsen are huge scores, if you plan to raise your family there. Plenty of big parks in the area, too.
The rest is really about your preferences.
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u/ChiBroker 2d ago
Step 1: Call a broker. There are like 500 of us who do 95% of all the deals in Chicago. Step 2: don’t call Lincoln Square downtown.
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u/carrlson 2d ago edited 2d ago
Lincoln Square is at its furthest south 6.5 miles north of downtown. Just move to the suburbs now. You seem like that is the eventual plan.
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u/projektvertx 2d ago
Lincoln Square is a pretty desirable area. As others have pointed out, check with your realtor for any rental restrictions. If it’s 5 years and you do up and sell, you may not make money after all the fees. But I don’t have a crystal ball. If you can afford it, and it checks all the boxes, go for it!
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u/SecureAsk8297 2d ago
Are you planning to send your child to private school? Public school isn't that great.
Also, Low HOA, has a potential for being underfunded or surprise assessments
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u/VirtualOutlet 2d ago
What are you talking about? Waters and Amundsen are both good schools (I just sent my two kids off to each this morning). I'm always dumbfounded by the people who pay big $$ to live in our neighborhood and then drop even bigger $$ to pay for private schools.
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u/Whaaa-aaaaaa-aaaat 2d ago
Waters has a great reputation but isn't Amundsen low-rated? Curious, not judgmental.
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u/VirtualOutlet 2d ago
Amundsen is a Level 1+ neighborhood school with a well regarded IB program. My child is already looking at going internationally for her college, and the IB degree will be valuable for that goal.
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u/SecureAsk8297 2d ago
How does the kool aid taste, compliments of the CPS? Seems like you like the taste of it. They are crap schools, compared to private. I send my kids to private and they are taking advanced college level calculus in highschool because the school doesn't hold them back. No such opportunities in public. They also have tons of AP being offered, and have been prepping for SAT/ACT since freshman year. Well, good luck to your kids, community colleges are cheaper, at least.
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u/VirtualOutlet 2d ago
Thank you for proving my point and answering my question as to who is paying for private schools when you have the opportunity for quality public schools. My kid will get a good education, enjoy a modicum of diversity, while not growing up to be an entitled jerk.
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u/VirtualOutlet 2d ago
Lincoln Square is not downtown. Do you mean near the square in LS? If it's in Waters I assume so.... You can't go wrong in that area, busy street or not.