Deal Advice on Chicago's North Side
I'm looking for my first multi family deal, and my market is Chicago. I recently found a property in the southern part of the West Ridge neighborhood on Chicago's north side. My ideal place is Ravenswood/Lincoln Square, but this is pretty close and also a nice area. After running the numbers, it would likely cash flow about $600 per month (6% cash on cash return) if I'm not living there. I plan on house hacking it for a while, and I'd likely pay $450 per month to live there. My agent says we can get better numbers than that in Chicago, but I wanted to get a second opinion. Considering the market I'm looking in, is that a deal worth pursuing? It's definitely not a terrible deal. I would really like to see at least $800 cash flow, but I don't want to let a decent deal pass me by in hopes of finding something that isn't out there or would take another year (hypothetically) to find.