What $300K gets you in Chicago real estate

Chicago's latest homebuying hot spots are the North and West suburbs.

Why it matters: Prices are rising in areas further from the city as low inventory pushes shoppers to expand their searches, according to Schaumburg-based broker Linda Dressler.

What they're saying: Schaumburg, along with Glen Ellyn, Hinsdale and Park Ridge, are particularly sought-after because they're near trains that go downtown and highly rated schools, among other draws, Dressler tells Axios.

State of play: "People who thought they bought high last year at this time are now looking around saying, 'Wow, prices this year are even higher,'" Dressler says.

• The median home sale price in Chicagoland was about $317,000 in February, up 9.5% from a year earlier, according to Redfin.

We scoured listings to find what roughly that amount gets shoppers in some of Chicago's most-wanted neighborhoods, according to broker associate Melissa Stanley.

• Reality check: It was challenging to find move-in ready listings under $300,000 in the North and West 'burbs.

Four bedrooms in Hyde Park

Listed for $285,000, a South Side condo comes with all the modern bells and whistles, except in-unit laundry.

• The sellers already accepted an offer but are still allowing tours, per the listing.

The fine print: Homeowners association fees cost $475 monthly.

Between the lines: The nearby Obama Presidential Center , which is slated to be finished this year, is drawing more people to the surrounding neighborhoods, Stanley says.

• Yes, but: Some residents say the development is pricing them out .

Dedicated parking in Logan Square

For $279,999, a two-bedroom condo is walkable to hot neighborhood restaurants , The 606 trail and Palmer Square .

• Also, it includes one of five parking spots in the association. (HOA fees run $333 monthly.)

Zoom out: A third of Logan Square homes sold for above the asking price in March, according to Redfin.

• The area has been on the upswing for a while, more recently because of its explosive food and drink scene, Stanley tells Axios.
• Tree-lined streets, brick and stone buildings and the farmers market are also perks.

Duplex down in Logan Square

Listed for $299,900, another two-bedroom condo in the area offers two levels, with a bedroom and bathroom on each.

• HOA fees cost $369 monthly.

Reality check: While the sellers have accepted an offer, they're continuing to show the home, per the listing.

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