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A Second Home
Nearly one out of five second homes will become primary residences after retirement 27 percent of vacation homes and 14 percent of investment property. In addition, buyers were looking to diversify portfolio investments, Mansell said. This is now the most frequently cited motivation for purchasing a second home. In listing the reasons why they bought second homes, respondents said there were some differences depending on the type of home. Overall, 30 percent of buyers wanted to diversify investments, 28 percent sought rental income (37 percent investment vs. 7 percent vacation homes), 14 percent wanted a personal or family retreat (29 percent vacation vs. 8 percent investment), 6 percent planned to use for vacations (16 percent vacation vs. 2 percent investment), and 5 percent had extra money to spend.
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680 N Lake Shore Dr #804, Chicago, IL 60611, ,200,000 2 beds, 2.5 baths
2900 sqft, 2 beds, 2.5 baths, condo in Chicago, IL - Near North Side
2626 N Lakeview Ave #3405, Chicago, IL 60614, 0,000 1 bed, 1 bath
735 sqft, 1 bed, 1 bath, condo in Chicago, IL - Lincoln Park
2051 N Halsted, Chicago, IL 60614, 0,000 2 beds, 2.5 baths
2 beds, 2.5 baths, property in Chicago, IL - 60614
1465 W Winnemac 3, Chicago, IL 60640, 5,000 2 beds, 2 baths
2 beds, 2 baths, condo in Chicago, IL - Uptown
When you purchase a property, you purchase a condo unit in the hotel.
Illinois Luxury Townhouse Listings
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