Home Власність Why it’s worth investing in real estate in Chicago

Why it’s worth investing in real estate in Chicago

by marusia

Chicago is associated with giant skyscrapers, unforgettable autumn, stunning landscapes, mirrored Lake Michigan.
Today, this city is the third largest metropolis in the United States.

Chicago bears the statute of the financial, cultural, commercial, industrial and transportation center of the Midwest of the country. Real estate in Chicago has been attracting our compatriots for several decades. In terms of popularity among immigrants from other countries of the world, Chicago is not inferior to such large cities as New York and Los Angeles.

There are airlines established between Moscow and Chicago. Thanks to regular flights, you can easily and comfortably get to Chicago. The city impresses with its cleanliness, gloss, it gives the impression that it has fallen into another world where everyone lives in peace and harmony. Owning real estate in Chicago is prestigious, as it is recognized as one of the most highly developed cities in the United States. The city opens up great opportunities for those who want to get a prestigious education. After all, it is here that the most famous and prestigious universities of the USA are located. Several educational institutions of Chicago were included in the list of the best universities in the world. Many people believe that the capital of skyscrapers is New York, but this is not the case. The first skyscrapers of America appeared in Chicago. To date, their number has exceeded several hundred. Most of the skyscrapers are located in the city center. On the outskirts of the city, private well-maintained houses are mainly concentrated, which are in considerable demand among investors. Almost all houses are sold with a small plot of land.

Most locals support a healthy lifestyle, so it’s no wonder why there are so many gyms, bike paths and stadiums in the city. People here can’t imagine their life without sports. By the way, Chicago is another of the greenest megacities in the world. This city ranks first in the number of parks and squares. Therefore, the city has excellent conditions for work, business and recreation. To buy a property in Chicago means to settle in the most favorable place to live. Developed economy, mild climate, actively developing infrastructure, good ecology – Chicago is the only metropolis on Earth that combines all these advantages. Despite this, real estate prices in Chicago are acceptable for such a developed metropolis. If you consider the USA as a place to buy a home, then pay attention to Chicago. Housing prices here are much lower than in New York.

Moreover, the purchased property can be used as an additional source of income. There are always a lot of visiting students and tourists who can rent housing.

Well-maintained apartments cost about 200 thousand dollars here. Quite reasonable prices for such a metropolis. For 300 thousand dollars, you can buy a house in Chicago. The average cost of renting a home in Chicago is about $ 1,500 per month. The reliable economy of the city is one of the main reasons why investors invest astronomical sums in the city. The city’s economy is based on the transport system, education, the real estate market, the manufacturing and food industries, and financial services. The offices of the most successful US companies are located in the city. At the moment, about 500 thousand companies are registered in Chicago. Chicago can rightfully be considered one of the most promising and attractive cities in the United States for real estate investment.

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