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Updated over 9 years ago on . Most recent reply

User Stats

64
Posts
17
Votes
Mark Hafeli
  • Residential Real Estate Broker
  • Chicago, IL
17
Votes |
64
Posts

What Neighborhood of Chicago Would You Buy in and Why?

Mark Hafeli
  • Residential Real Estate Broker
  • Chicago, IL
Posted

I'm getting ready to purchase another building in the next 6-12 months and although I'm not a fan of today's current pricing, there is always opportunity in every market. I'm looking at a 4 unit purchase on the northwest side of Chicago. 

I'm curious about how others think about these neighborhoods, so let me know which neighborhood in Chicago you would buy in and why. 

Mine is Albany Park near the brown line stops. I believe this is an area that will eventually gentrify and prices are somewhat tolerable compared to returns. There are some larger investors in the area who moving into the neighborhood and should help speed things up.

What say you?

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