Hello to all my blog readers out there.
I just completed my year end analysis of Chicago rent prices.
This is my most popular type of analysis with investors.
This report was compiled exclusively for www.773property.com
This analysis is based on data from the MLS.
2016 was another strong year for Chicago rentals.
I analyzed over 18,000 rental transactions!
The report is shown below.
This report shows average rent prices by neighborhood and bedroom count.
The number in parentheses shows the count of units for that cell.
So if you see “$1000 (22)”, it means the average rent was $1,000 and 22 units were rented.
This data is quite interesting.
The average 3 bedroom in the Loop neighborhood is $4,669.
While the average 2 bedroom in the Loop is $2,735.
So if you give up 1 bedroom, you can save almost 2 grand per month.
Another thing to take note of: Loop rents are sky high!
Hopefully you find this information useful.
If you have any questions about real estate, please let me know!
Until the next time,
2447 N. Ashland
Chicago, IL 60614
Visit me online: www.773property.com
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