Low Assessments, Lots of Square Footage, Key Finds Among Chicago Real Estate

If you’re looking for a Chicago home, location, of course, is key. But there are other significant considerations as well—how much square footage a Chicago home has to offer for your budget, and details like interior finishes and appliances. And assessments is a factor that seems to be moving toward the top of the list of things buyers look for when shopping for a Chicago home or Chicago condo, which often come at a high price for properties with upgrades and large square footage. However, there are a number of Chicago condos for sale that offer sophisticated enhancements but still with low assessment costs. Priced from $800,000 to 1.2 million, these properties have assessments that range from $195 to a maximum of $356.

The assessment cost can greatly affect the resale value and appreciation of your Chicago home, so a reasonable cost is important for you now, as a buyer yourself, as well as down the line when you’re ready to sell. For a high-rise building in a unit with a lot of square footage, assessments over $1500 typically aren’t buyer-friendly.

Combining low assessments with the best finishes money can buy is key, buyers’ want to find things like Viking or Miele appliances, steam showers, heated flooring, Dacor and Wolf appliances. Crown moldings, wainscoting and fireplaces also up the appeal of Chicago homes for sale, both for you as a buyer now, and for the buyer when your home is ready for resale.

Here 13 current listings that offer low assessment fees without compromising upscale features:

2700 block of Midred Ave.
List price: $839,000
This 4 bedroom, 2.5 bath new construction boasts large rooms, a steam shower, heated floor and garage parking with a monthly assessment of $250.

1000 block of W Webster
List price: $849,000
An 1800-square-foot luxury 4-bedroom in Lincoln Park with natural stone baths, heated flooring, a private rooftop deck and more has an assessment of $300.

2400 block of N Racine
List price: $849,900
A luxurious 3,000 square feet of space creates a floor plan more than 30 feet wide, with brick construction, subzero appliances, marble baths, crown molding and wainscoting, all with an assessment of $205 monthly.

2600 block of Southport Ave.
List price: $869,000
With a monthly assessment of $227, this Lincoln Park 4 bedroom spans 2800 square feet on a wide lot with Dacor and Bosch stainless steel appliances, granite counters, marble baths, two fireplaces and garage parking.

2700 block of N Kenmore
List price: $875,000
This 2800 square foot Lincoln Park new construction has 10-foot ceilings, the finest detailed finishes, a pro kitchen with Wolf, Subzero and Miele appliances and a monthly assessment of $285.

1600 block of N Mohawk St.
List price: $899,000
An exquisite penthouse property with an assessment of $194, this 3-bedroom Chicago home includes luxury finishes, custom lighting, and a private roof deck in a boutique building in the Lincoln School district.

2000 block of N Sheffield
List price: $899,000
In the heart of Lincoln Park, this 3-bedroom is in a brick and limestone new construction building with concrete soundproofing between floors, oak flooring, natural stone baths and a custom kitchen. The assessment fee is $282 monthly.

300 block of W Webster
List price$899,000
With a monthly assessment of $300, this contemporary Chicago home offers more than1900 square feet with three bedrooms, a gourmet kitchen with Bosch appliances, a Juliette balcony, 11-foot ceilings, and mahogany floors near Frances Parker School.

1800 block of N Mohawk St
List price: $899,900
This rare find has a monthly assessment of just $186, with 2600 square feet of custom-built luxury, including open floor plans, 25-foot cathedral ceilings, a skyline view and a 300-bottle wine cellar.

2700 block of N Kenmore
List price: $909,900
Seated on an extra deep lot, this 4-bedroom duplex spans 2800 square feet with four parking spaces, a cook’s kitchen with Viking appliances, 2 fireplaces, full-home audio wiring and an assessment of $262.

2700 block of N Pine Grove
List price: $1,099,000
A 3 bedroom with a generous 3400 square feet, this Lincoln Park penthouse has an assessment of just $356 for a Subzero kitchen, 22-foot ceilings, two master suites, 2-car garage parking and much more.

1800 block of N Orleans
List price: $995,000
A historic boutique building with 2100 square feet, this Chicago condo lists a master quite with fireplace, 3 bedrooms with an office, stained glass windows, a gourmet kitchen with granite and stainless steel and an attached garage with an assessment of $339.

2100 block of N Halsted
List price: $1,195,000
With a low assessment cost of $200, this 3-bedroom as 30-foot wide interiors in an intimate boutique condominium building with a private roof deck and garden, spectacular city views and two levels of living space.

If you’re interested in any of these properties or want to find an upscale Chicago home without the added expense of high assessments, contact agent Sheldon Salnick at (312) 498-5080 or by email at ssalnick@dreamtown.com.

Leave a Reply

Your email address will not be published. Required fields are marked *