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They Wished a Home in Chicago for Their Rising Household. Would $650,000 Be Sufficient?

by Index Investing News
September 12, 2024
in Property
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After some long-distance relationship, Josh Kaufmann and Jennifer Gates lived collectively briefly in Indianapolis earlier than shifting to Mr. Kaufmann’s native Chicago in 2020. The couple, who married in 2022, had been renting a two-bedroom within the South Loop, simply outdoors downtown, however knew it was momentary.

“I wished some flooring and areas the place we may do our personal issues and never essentially really feel like we’re on prime of one another,” mentioned Mrs. Kaufmann, 42, a lead coach with Chicago Public Colleges. Their alternative arrived when their landlord introduced that he could be promoting their residence.

They thought-about shopping for it, however figured they’d need more room after they ultimately had a toddler. “You actually can’t predict these issues,” mentioned Mr. Kaufmann, 52, a regional government director of the nonprofit Educate Plus Illinois.

Predictably or not, the couple discovered they had been anticipating shortly after they began home searching early this yr. “That shifted us into greater gear,” Mrs. Kaufmann mentioned.

[Did you recently buy a home? We want to hear from you. Email: [email protected]]

With a finances of round $650,000 and a summer time move-out deadline looming, the couple discovered their solution to Chuck Gullett, a managing dealer with Finest Chicago Properties, who helped them slender down places and residential varieties.

“Their scope was very broad, type of probably the most broad I’ve skilled,” Mr. Gullett mentioned. They had been open to a condominium, a townhouse or a indifferent single-family house — virtually wherever within the metropolis — so long as it was a superb match.

They wished a minimum of three bedrooms, together with an workplace house for Mrs. Kaufmann, who works from house; some out of doors house for his or her canine, David Rose and Stevie Budd (named for the “Schitt’s Creek” characters); and a pleasant kitchen.

“We most likely spent each weekend for about two months locations,” Mr. Kaufmann mentioned.

Amongst their choices:

Discover out what occurred subsequent by answering these two questions:



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