This cute, cozy coach house comes at a great price. For those of you who don't know, a coach house is a second residential unit detatched from the primary property, meaning the backyard is your frontyard and your backyard is the alley. Once you're used to the layout and realize the financial savings, you'll wonder why more people don't jump at these gems. Three sizable bedrooms allow for roommates to split the already reduced rent. Windows in each room bring in loads of sunlight and brick construction ensures a low heating bill throughout the winter months.
Humboldt Park is one of those neighborhoods where the acceptable price of an apartment is in the eye of the beholder. Some apartments are completely new, others are gut-rehabs, some have been lived in for generations or just a few short years. The inventory is incredibly diverse, and yet prices remain relatively low across the board.
Despite some pretty low prices, the fact is, someone else will always find a cheaper rental on the market. Part of that has to do with the huge uptick in development along the 606, which is inarguably gentrifying the neighborhood's northern border. Many developers will rehab apartments and leave the price fairly flat, while others will label their remodel as a condo and mercilessly jack up the price. Others won't make any improvements, yet increase rents all the same.
The apartments here represent recent property trends in the area.
RECOMMENDED: A complete guide to the 606