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Top 5 Negatives About Living In A High-Rise In Downtown Chicago

In this video we discuss the Top 5 Negatives About Living In A High-Rise In Downtown Chicago. This list applies to both high-rise apartment and condo buildings. Below are the points discussed in the video.

5. Higher Cost – Typically in a higher density area within a city, real estate is valued more and is costlier to develop. Therefore, developers build high-rises as that’s the only way to make a return on the expensive piece of land they just purchased for development. This is why the cost to purchase or rent in a high-rise apartment building in downtown Chicago is what it is, higher than the national average. Also, amenity offerings such as pool, steam room, gym, etc. increase the cost of living in a high-rise building.

4. Noise – When you live in a dense part of the city, you can expect there to be more noise from traffic, pedestrians, and taxis and city buses. However, most new buildings have excellent sound insulation.

3. Parking – Although not impossible, it is generally harder to find a parking spot in the city. To combat this, most buildings offer their own attached garage where you can either purchase or rent a parking spot. However, in some areas of Chicago, a parking spot can go for $60,000 or rent for $375/mo. In other parts, parking spots can go for $25,000 or rent for $150/mo.

2. Snow – The city can experience lots of snow accumulating at a faster pace as the snow drift from the lake flows through the tall building structures. This creates a sort of wind tunnel and allows the snow to accumulate at a faster pace than average. The good news is that the city and local businesses are equipped to handle this very quickly and usually by the next day the streets and sidewalks are cleared. However, we still do recommend waterproof boots and watch out for those slush puddles!

1. Traffic – Being in the third largest city in the United States, high traffic is almost a given. It is unavoidable if you are driving throughout Chicago. The only way to avoid this is to be closer to your daily workplace commute. So if you work in the city you should live in the city to avoid this. The alternative is to live in the suburbs next to a commuter line train station (i.e. Metra), but you are still looking at an average 20 to 50 minute train ride.

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