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Real Estate in Chicago, the United States

By Joshua Wood, LPC

Last updated on Mar 13, 2023

Summary: The most desirable neighborhoods in Chicago, United States are Lincoln Park, Lakeview, Wicker Park, Bucktown, and the Gold Coast. The average cost to buy a nice 2 bedroom home in Chicago is around $400,000, while a nice 3 bedroom home can cost around $500,000. These properties typically include modern amenities such as stainless steel appliances, hardwood floors, and updated bathrooms. Foreign ownership of properties in Chicago is allowed, however, there may be restrictions depending on the type of property and the country of origin. An expat looking to buy a home in Chicago should start by researching the different neighborhoods and their amenities. They should also consider their budget and the type of property they are looking for. Additionally, they should consult with a real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties to consider.

William Russell
William Russell
William Russell
William Russell

How do I find a place to live in Chicago?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"When looking for a place to live in Chicago, it is important to consider your budget, desired location, and amenities. Start by researching neighborhoods that fit your needs and budget. Once you have narrowed down your search, you can use online resources such as Zillow, Trulia, and Craigslist to find available rentals. Additionally, you can contact local real estate agents to help you find the perfect place. Finally, you can attend open houses to get a better feel for the area and the property," said one expat in Chicago.

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VRBOVRBO

With over 2 million bookable vacation rentals, Vrbo connects homeowners with families and vacationers looking for something more than a hotel for their trip. The Vrbo community offers families an array of rental property types such as condos, cabins, lake rentals, beach houses, and more. Discover properties in destinations that everyone dreams of visiting.
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What is a typical expat home or apartment like in Chicago?

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About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
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Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
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Help others in United States by answering questions about the challenges and adventures of living in United States.

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