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Updated over 2 years ago on . Most recent reply
Neighborhoods in Chicago
Hi everyone, I've been searching for multifamily units in the Chicago area. I have notice a lot of people discuss Greater Grad Crossing a lot. Does any one know why this area is so hot at the moment? Just trying to get a sense as to what are the next up and coming neighborhoods of Chicago. I've tried to search other post but most are from a few years ago. This is my first purchase in Chicago and I am looking in the 200k range.
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- Real Estate Broker
- 3412 S. Harlem Avenue Riverside, IL 60546
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@Kendall Moore I wouldn't call it an up and coming area. You would definitely need boots on the ground to do well there.
For an out of state investor, I always recommend buying in as nice of an area as you can afford. The less turn over you have, the more profit you will have. If you can get a place where tenants will stay for the long term, then you will win over time.