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Pay Just Under $5,000 A Month To Live On Milwaukee Ave

By Rachel Cromidas in News on Sep 21, 2015 7:51PM

via Domu

Fall is almost upon us, and with it comes nice weather, a new crop of just-rehabbed apartments on the market and yet more cause for outrage over Chicago's exploding rental prices.

In this case, our raison d'etre is this $4,750 a month rental at 1739 N. Milwaukee Avenue, among a handful of newly-rehabbed lofts. This one was found by the dutiful deal-hunters at Curbed, via the apartment-listing website Domu, and if it isn't a case for Chicago rent controls, we don't know what is.

Steps from the Damen Blue Line and the Bloomingdale Trail, as if that makes a difference, this four bedroom, three bathroom unit is one of eight rentals to come out of the long-vacant loft building, according to Curbed.

As anyone living in Chicago on budget has noticed, rental prices have been climbing to new heights in recent years, spurred on by pesky Millennials who are delaying milestones like home-ownership and marriage and fear of a second housing bubble. Milwaukee Avenue has become a kind of epicenter of this rental explosion, thanks to the hip desirability of the far-past up-and-coming neighborhoods it through, including Bucktown, Wicker Park and Logan Square.