Chicago Neighborhoods

Buying & Selling Real Estate
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Chicago Neighborhoods

Ryan Boren
Rental Property Investor · Park Forest, IL · Member since 2016 · 52 posts · 15 votes
Hey BP, I was wondering to hear from someone who is familiar with the Chicago market. I live 30 minutes south of the city and have been hearing there are very good deals in Chicago, but you have to purchase in the right neighborhood. I am interested in multi family rental properties and fix and flip. Any help would be much appreciated. Thank you, Ryan B.
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Soh Tanaka
Property Manager · Lindenhurst, IL · Member since 2016 · 854 posts · 506 votes
9y

@Jeff Valentino  I think you meant Chicago is tenant friendly, not landlord friendly. Or I'm missing something here.

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  • Chino Santos
    Forest Park, IL · Member since 2017 · 13 posts · 0 votes
    9y

    @Alex Bok @Erica Rodriguez

    Saw some of your posts on the BP forums and you've had some great input! I'm new to REIand really interested in renting out multi-families in the Forest Park / Belmont Central area .I was wondering if you'd like to connect and share some ideas! I'd love to hear your thoughts

    0Reply
  • Erica Rodriguez
    Oak Park, IL · Member since 2017 · 14 posts · 7 votes
    9y
    Originally posted by @Chino Santos:

    @Alex Bok @Erica Rodriguez

    Saw some of your posts on the BP forums and you've had some great input! I'm new to REIand really interested in renting out multi-families in the Forest Park / Belmont Central area .I was wondering if you'd like to connect and share some ideas! I'd love to hear your thoughts

     Hello Chino! I'd love to connect. I sent to you a college request.

    Would love to meet up with you at one of BP's Chicago meetups or perhaps at @Lumi Ispas next seminar.

    0Reply
  • Jeff Dulla
    Lender · Western Springs, IL · Member since 2015 · 472 posts · 245 votes
    9y

    @Chino Santos I am with you. Bought MFH in forest park a couple years ago. Continue to look there, brookfield, riverside, OP (have looked at a couple on Austin). Looking to continue to build my portfolio with places from the area. 

    0Reply
  • Chino Santos
    Forest Park, IL · Member since 2017 · 13 posts · 0 votes
    9y

    @Jeff Dulla if you don't mind me asking, how's the forest Park MFH treating you? 

    Is East Garfield any good or is it still too undeveloped? 

    0Reply
  • Chino Santos
    Forest Park, IL · Member since 2017 · 13 posts · 0 votes
    9y

    @erica 

    @Erica Rodriguez Thanks!! Would love to. How do we the info for the Chicago meetups?

    0Reply
  • Jeff Dulla
    Lender · Western Springs, IL · Member since 2015 · 472 posts · 245 votes
    9y

    @Chino Santos Forest Park is great but as soon as we got the one there, it was no longer a secret. It isn't a large market so there is not a ton of inventory. There are also quite a few people I know scouting that market. So when something comes up, you have to be ready to jump (I know it isn't that uncommon with MFH). I love it though. I love the downtown and it is a great rental market.

    I cannot claim to know East Garfield that well. If you go just west of the United Center, it does feel quite a bit different and there is development. But who knows. And beyond that, I just like some of the areas outside of Chicago better. So staying out of the city for now. 

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  • Chino Santos
    Forest Park, IL · Member since 2017 · 13 posts · 0 votes
    9y

    Thanks @Jeff Dulla! I'll keep checking Forest Park and your suggestions. If ever you're in the area, maybe we could grab a coffee. I'd love to hear more about your REI stories in Illinois.

    My e-mail address is in my profile, otherwise I could also email you.

    0Reply
  • Lumi Ispas
    Real Estate Consultant · Chicago, IL · Member since 2014 · 720 posts · 439 votes
    9y

    @Erica Rodriguez, @Chino Santos

    My next Investment Seminar is this Saturday from 10:00-12:00 at my West Loop Office: 1161 W Madison. You are welcome and you can bring some friends. :)

    And I love both markets: Forest Park and East Garfield Park.

    0Reply
  • Erica Rodriguez
    Oak Park, IL · Member since 2017 · 14 posts · 7 votes
    9y

    @Lumi Ispas thanks! What do I need to bring? 

    0Reply
  • Lumi Ispas
    Real Estate Consultant · Chicago, IL · Member since 2014 · 720 posts · 439 votes
    9y

    @Erica Rodriguez , just your curious mind. :) See you tomorrow!

    0Reply
  • Kas Bro
    Real Estate Investor Lynnwood, WA · Member since 2016 · 7 posts · 1 vote
    9y

    Thanks all for sharing so much about the Chicago market. We are currently evaluating properties there as well. A few questions

    1. Can members pls share recommendation of property inspectors as we will need one very shortly

    2. What are members thoughts on the Auburn Gresham neighborhood

    Thanks, Kas

    0Reply
  • Account Closed
    Investor · Leander, TX · Member since 2016 · 296 posts · 402 votes
    9y

    Midlothian and Godley

    0Reply
  • Account Closed
    Investor · Leander, TX · Member since 2016 · 296 posts · 402 votes
    9y

    Why Invest in Chicago, IL

    With over 2.7 million residents and 10 million in the surrounding metro area, Chicago is the place many people call home. This city is a leader in technology, communications, transportation, and many other industries. Chicago has one of the busiest airports in the world, O’Hare, and has the largest number of railroad freight and highways in the U.S.


    The gross metropolitan product of Chicago is $590.2 billion, making it the third largest economy in the United States. This city hosts the largest labor pool in the U.S. and presents a strong market for those looking to invest in real estate due to the high demand for rental properties.

    General Facts
    • Home to two of the world’s Top 10 hotels and five Conde Nast Gold List hotels (Conde Nast Traveler)
    • The Chicago Park District has the nation’s largest municipal harbor system. (Wikipedia)
    • Over $3 billion in global derivatives trading volume, nearly 2X the trading volume of New York (Mack Companies)
    • Northside College Prep school is in top 25 “America’s Best High Schools” (Newsweek 2011)
    • Home to 10 Professional sports teams that generate season specific business/ jobs:
      • MLB – NFL – NBA – NHL – MLS – WNBA – AFL – MLL
    • In counties with the most business establishments in the nation (Source: Census 2010), Cook County (Chicago is in Cook County) facts are:
      • #2 in Residential Construction establishments
      • #3 in Gas Stations
      • #4 in Real Estate Industry
      • #2 in Day Care Centers
      • #3 in Full-Service Restaurants
    • In states with the most business establishments in the nation (Source: Census 2010), Illinois State facts are:
      • #5 in Electronics Stores
      • #8 in Hotels and Motels
      • #6 in Auto Repair Shops
      • #7 in Beauty, Nail, and Barber Shops
    1Reply
  • Mark AinleyBusiness Member
    Property Manager · Roselle, IL (Chicago Suburb) · Member since 2013 · 2k+ posts · 1k+ votes
    9y

    @Account Closed PM if you want an inspector.  We use him 20-30 times per year and he is affordable.

    [email protected]630-781-6744Podcast Guest on Show #72
    GC Realty & Development LLC4.61066 Reviews
    WebsiteView Page
    0Reply
  • John Warren
    Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    9y

    HI @Ryan Boren

    I would ecco what many have said. Chicago has so many different neighborhoods. If you are investing for cash flow, why not just invest where you are on the south side? I know Park Forest has some inexpensive properties. Why not pick up a sfr to get started?

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