Bryan Keane - Lakeside Bank

Wait. What? Under $400k !!

Contact Kyle at the The Altenburg Real Estate Group of Hanley Realty.

Need a mortgage pre-approval for this fab home or any other home, condo, townhome or multi 2-4? Give me a ring at Lakeside Bank.

GLWS Kyle!

🏡Just Listed at $399,900🏡 9408 S 55th Ave, Oak Lawn 4 bedrooms, 2 full bathrooms Finished, Walk-out Basment +2500 finished sqft 200amp electrical service. Full front and back porches Above-ground pool Huge garage and shed Off-alley parking Blocks from the Metra, 35 mins from the Loop 🌇🚂💨 Call/Text/Message Kyle Altenburg 708-277-3179 to see this or ANY property for sale on the SOUTHSIDE and NEVER PAY a buyer commission to Hanley Realty, that’s an order!🫡🪖🏡 #hanleyhelps #kylecares #southside

Amid today's home affordability challenges, a condo 🏢 may be just what you want to consider. Why? 🤷 Don't condos have expensive monthly assessments? Maybe, but let's discuss.

The biggest difference between a single family home and a condo is going to be the Homeowner's Association or "HOA" that governs the condo project and enforces the rules. The HOA also provides amenities that only the condo owners can take advantage of. 😎 Things like landscaping, garbage removal, community maintenance, internet, TV, a pool, clubhouse, etc etc. There can be a plethora of perks included in your monthly HOA dues......or not. It all depends on the specific condo development. With the vast majority of single family homes, none of the above perks are included.

A few more things to ponder about condos:

👉 Condos often have a lower purchase price than single-family homes in the same area, making them more accessible for first-time buyers or those on a tighter budget.

👉 Condos are often located in central urban areas, close to public transit, restaurants, work, and entertainment. A single-family home in the same area could be prohibitively expensive.

👉 Condos often offer enhanced security features like gated entrances, surveillance, and on-site staff, which are less common in single-family homes.

👉 Condos can be ideal for retirees, frequent travelers, or anyone who wants to simplify life and reduce space.

Danielle Hale, Chief Economist at Realtor.com: “When considering a home with an HOA, buyers should work to understand what benefits it provides like maintenance, security, or communal amenities, and how the HOA fees factor into their overall budget.”

Your real estate agent will help to gather all the relevant information from the HOA prior to your purchase so you can make an informed decision as to whether condo-living suits your situation.

When you're ready to make the move, please reach out to me for a condo mortgage pre-approval. At Lakeside Bank, headquartered in the beautiful City of Chicago, we do A LOT of condo lending, and we have some great condo mortgage options for YOU.

https://www.keepingcurrentmatters.com/2025/05/20/what-buyers-need-to-know-about-homeowners-association-fees/

What Buyers Need To Know About Homeowners Association Fees When buying a home, you’re probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees.