Chicago House Hack- 2-4 unit building

[Jake Chelios]

Looking into buying my first rental property in Chicago and am trying to decide which areas in the city are best. I am looking to house hack and would like to start somewhere in one of the nicer areas (old town, lincoln park, west loop, ect.) but not sure if there are still deals to be found there where I can at least cover my monthly payments and hopefully cash flow eventually when I decide to move on from the place.

[Brie Schmidt]

@Jake Chelios - because of the loan limits those areas will need more than 20% down, around $200k give or take.  Expect it to be a 5% cap rate and 2-4% cash on cash