Skip to content
Buying & Selling Real Estate

User Stats

14
Posts
6
Votes
Michael Guay
  • Investor
  • Boston, MA
6
Votes |
14
Posts

Chicago Housing Market - Too Good To Be True?

Michael Guay
  • Investor
  • Boston, MA
Posted Dec 14 2019, 11:34

Hi all,

I am a soon to be college graduate from outside of Boston MA, and I have begun looking around at different housing markets for good deals in order to secure a property to house hack upon graduation. I have spent quite a while analyzing deals in and around Boston and have been discouraged by the lack of good deals, which I'm aware is due to the high level of competition in this city.

As such, I turned my attention to different cities. I began analyzing deals in and around Chicago and am blown away with the number of cheap multi-family houses that would cash flow positive I am finding on the MLS. I'm talking 6-7 bedroom houses going for $180,000.

My main concern is that it seems like the Chicago housing market is too good to be true - there are just so many deals to be found just looking a few hours on the MLS. Are there any caveats like high vacancy that I should be aware of before investing in Chicago?

Thanks for your time, and I appreciate any feedback provided.

Michael

Loading replies...