Northern Chicago siburb multi family investing

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Northern Chicago siburb multi family investing

Andreas Thuresson
Rental Property Investor · Sweden / Fort Myers, FL · Member since 2018 · 20 posts · 3 votes
Hi I’m a professional hockey player that’s looking to add a property to my portfolio. I’m new to this and looking to get a multi family home in a northern Chicago suburb. Do you guys have any good suggestions for suburbs? Any real estate agents that have any good properties?
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  • Jennifer Hyman
    Real Estate Broker · 1732 W Hubbard St #2C Chicago, IL 60622 · Member since 2018 · 34 posts · 13 votes
    7y

    Hello Andreas! Love the northern suburbs here in Chicago, but there are better investments to be made in the south suburbs right now. 

    What are your property investment goals? 

    I'm a broker and have design, development, financing, property management teams. 

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  • Mark AinleyBusiness Member
    Property Manager · Roselle, IL (Chicago Suburb) · Member since 2013 · 2k+ posts · 1k+ votes
    7y

    @Andreas Thuresson like @Jennifer Hyman said the opportunity is limited in north suburbs unless you are going far north suburbs near Wisconsin.  There is still some opportunity north side of Chicago but definitely opportunity south side and south suburbs. 

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  • Andreas Thuresson
    OP
    Rental Property Investor · Sweden / Fort Myers, FL · Member since 2018 · 20 posts · 3 votes
    7y
    @Jennifer Hyman thanks for the response. My wife is from Wisconsin so we know the Milwaukee area pretty well. We will probably relocate in a northern Chicago suburb after my career so that’s why we where looking to get something up there. What suburbs are good for investments on the south side and south suburbs? And especially for multi family purposes? Thanks
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  • Andreas Thuresson
    OP
    Rental Property Investor · Sweden / Fort Myers, FL · Member since 2018 · 20 posts · 3 votes
    7y

    @Mark Ainley thanks for the reply. 

    What are the suburbs you're recommending near Wisconsin and on the south side and suburbs?    Looking for some good multi family options. 

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  • Bob Floss II
    Attorney · Northbrook, IL · Member since 2017 · 719 posts · 549 votes
    7y

    @Andreas Thuresson Are you looking to live in the property or manage it yourself? 

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  • Andreas Thuresson
    OP
    Rental Property Investor · Sweden / Fort Myers, FL · Member since 2018 · 20 posts · 3 votes
    7y
    @Bob Floss II we are currently just looking for a full investment to rent out with a property manager. And in the long haul we will live in the Chicago area.
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  • Bob Floss II
    Attorney · Northbrook, IL · Member since 2017 · 719 posts · 549 votes
    7y

    @Andreas Thuresson If it’s an investment only then you have to weigh buying in a stable area with lower returns or a more risky or developing area with higher returns. A good agent can show you a variety of properties and help you make a decision. 

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  • Andrew Hereford
    Member since 2017 · 1 post · 0 votes
    7y
    @Jennifer Hyman I would absolutely love to connect with you about investing in the southern suburbs of Chicago!
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  • Jennifer Hyman
    Real Estate Broker · 1732 W Hubbard St #2C Chicago, IL 60622 · Member since 2018 · 34 posts · 13 votes
    7y

    @Andrew Hereford Wonderful! Let's meet. I'll send you a message and set an appointment to go over your investment goals and come up with a strategy. 

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