Calling All Chicagoland Investors

[Omar Farris]

Hey Everyone,

I’m an aspiring investor in the Chicago area. I recently came across a short sale in East Garfield park. It was a 3 bed 3 bath 1600 sq ft listed at $70K. I haven’t had the walkthrough of the condo just yet but the building was built in 2007 and the description says newer kitchen and hardwood floors with some fixing needed. I’m not familiar with the area and will be running some comps and looking at what the general rents have been. Do any of you know more about this area? If this sounds like a good investment? Is it up and coming? Any thoughts or ideas are appreciated!

[Reggie Haynes]

@Omar Farris

Hey Omar,

I was raised in Garfield Park, some areas are rough but it is on a raise as of right now. I purchased a building a while back in Garfield Park.