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Updated over 2 years ago on . Most recent reply

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Kendall Moore
  • Investor
  • Houston/Chicago
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Neighborhoods in Chicago

Kendall Moore
  • Investor
  • Houston/Chicago
Posted

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. 

Most Popular Reply

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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,082
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@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. 

  • John Warren
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