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Edgewater condos selling for cheap

Condos have been selling for extremely low prices in 2011, with sixteen of the 26 sold since the New Year closing for below $100K according to the Homeward Bound Chicago blog. A one-bedroom on Sheridan closed for just $35K, a two-bedroom on Ridge for $99K and the highest priced sale was a 2,000 square foot three bedroom which sold for $385K. Great time to be a first time home buyer, but if you’re like us and have bought in the last few years these numbers are a bit unsettling.

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