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The Real Appeal of Condo Hotels Is Appreciation
While it's nice to receive rental revenue on your vacation home, the more important factor from an investment standpoint is its appreciation. Condo hotel units have been appreciating at a far faster rate than single family homes and condos in the same areas. Most condo hotels are purchased directly from the developer. With limited inventory, condo hotel units have been moving at lightning speed. In fact, almost all condo hotels sell out in pre-construction, long before even a single spade of dirt has been overturned. And as is the case in any situation where supply is greatly outpaced by demand, condo hotel owners have been seeing tremendous appreciation in their units.
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3254 N Clifton G #G, Chicago, IL 60657, 9,900 2 beds, 1 bath
2 beds, 1 bath, condo in Chicago, IL - 60657
E 44th St, Chicago, IL 60653, 1,736
, condo in Chicago, IL - Grand Boulevard
N Oak Park Ave, Chicago, IL 60707, 2,826 2 beds, 1 bath
2 beds, 1 bath, condo in Chicago, IL - Montclare
1627 W Touhy Ave #201, Chicago, IL 60626, ,900 2 beds, 2 baths
700 sqft, 2 beds, 2 baths, condo in Chicago, IL - Rogers Park
Each condo unit owners are also requested to follow some rules of conduct on common areas such as passageways and lobbies.
Economy Condominium For Sale In Chicago
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