◆ Updated · April 2026
Buying a home in Chicago
2026.
Average price 3,200 USD/m². For an 80 m² (~861 sq ft) apartment you need $256,000 plus savings of $76,800 for down payment and closing costs.
Summary: 80 m² (~861 sq ft) apartment in Chicago
- Average price per m²3,200 USD/m²
- Price of 80 m² (~861 sq ft) apartment$256,000
- Down payment (20%)$51,200
- Estimated closing costs (~10%)$25,600
- Total savings needed$76,800
Estimated monthly payment
Loan of $204,800 at 6.5% for 30 years
$1,294/mo
Calculated using French amortization: M = P × [r(1+r)^n] / [(1+r)^n − 1]
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