Investor · Melrose Park, IL · Member since 2015 · 77 posts · 24 votes
I found a SFH in the North Lawndale area of Chicago. 51K. $1450/month Section 8 tenant in place. New Siding, windows, Furnace, home in generally good condition. Neighborhood C-D? What do Chicago investors think? Is North Lawndale up and coming? I am a newbie investor, so I'm looking for cash flow and this would seem to have it.
IMO...North Lawndale is similar to the south side of Chicago. There are developments and construction areas but it's still spotty. Because of the expansion of UIC and the renovation of Taylor St and the addition to Rush Hospital it has changed the landscape. With it already having a tenant in place, it MAY be a good deal. My mind goes to how long has the tenant been there and are they considering staying as that will be a factor for your consideration of cash flow.
IMO...North Lawndale is similar to the south side of Chicago. There are developments and construction areas but it's still spotty. Because of the expansion of UIC and the renovation of Taylor St and the addition to Rush Hospital it has changed the landscape. With it already having a tenant in place, it MAY be a good deal. My mind goes to how long has the tenant been there and are they considering staying as that will be a factor for your consideration of cash flow.
I found a SFH in the North Lawndale area of Chicago. 51K. $1450/month Section 8 tenant in place. New Siding, windows, Furnace, home in generally good condition. Neighborhood C-D? What do Chicago investors think? Is North Lawndale up and coming? I am a newbie investor, so I'm looking for cash flow and this would seem to have it.
Hey James, did you end up getting that SFH? If so how has it been going for you? Looking into a property in N. Lawndale and wanted to know your past experience in that neighborhood.