One of the real estate questions that we field frequently when people are looking at spaces in the city is: What’s the difference between a co-op and a condo? Buying in a cooperative (or co-op) building has distinctions from buying in a condo building. Rather than owning the space outright, you own shares in a corporation that owns the real estate. As a term of your stock ownership, you are allowed to occupy a specific space as outlined in a Proprietary Lease.
Chicago has a handful of cooperative Pre-War and Art Deco buildings, particularly in the Gold Coast, Hyde Park, Lakeview and Lincoln Park. A few things to keep in mind when looking at a co-op:
We’ve found that schools can be a big concern for families contemplating a move. At The Apostal Group, our family has grown up in Chicago, and we’ve helped hundreds of families find a corner of the city to call their own.
From the famed Magnificent Mile to the Theater District to Lincoln Park and beyond, Chicago offers limitless opportunities for fun and adventure. The city is home to several professional sports teams, including the White Sox, the Cubs, the Fire, the Bears, the Bulls and the Blackhawks.
Relocating can be an overwhelming experience. At The Apostal Group, all of our team members are passionate Chicagoans who love sharing our knowledge of the city and the local real estate market.Our team will help you identify your goals, foresee the opportunities and work with you to find the perfect housing options.
It is our goal to provide a high-touch scope of service to all of our clients. If you are selling your home, we bring in a professional interior designer/stager and a professional photographer to take magazine-quality photos at no additional charge as a standard of our service.
The Apostal Group has been a family business in Chicago since 1974. Founder and principal broker Niko grew up in Chicago watching his parents develop and grow their real estate business. Co-founder and broker Edie has been a real estate broker for four decades.