CONDO VS CO-OP – WHAT IS THE DIFFERENCE?
Chicago offers an exciting real estate market for buyers including two homeownership options that have become very popular and in demand: the condo and the co-op. Both types of properties are found throughout the Chicago-area with many co-op properties located in the Lincoln Park, Lakeview, Gold Coast and Streeterville neighborhoods.
So what are the key differences?
Both of these forms of homeownership, the condo and the co-op, have many similarities in regards to the lifestyle they provide. They usually consist of multi-unit residential buildings with amenities such as garage parking, exercise and pool facilities, and outdoor living spaces for enjoyment and entertaining. They also both provide a…