With how pricey downtown rentals have gotten, you’re almost better off just buying. And in some cases, you may end up finding that a mortgage is much more affordable than the rent on a similar sized unit in a new apartment tower. This one-bedroom on Van Buren Street is a great example. Is it perfect? No. But is the price right? At $250,000, it’s hard to find any faults. The monthly payment on a place like this, including the monthly assessment, would be just over $1,100 per month. Maybe you’ll want more room some day. No problem, if the association allows for it, use it as an investment property. The highlight here is the location to public transit and the great skyline views—and the price certainly adds to the appeal.
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