Any Northern IL Investors?

Any Northern IL Investors?

Roselle, IL · Member since 2016 · 131 posts · 31 votes

Hello,

I'm looking to start house hacking and need a 2-4 unit in the Northern IL towns, North of Mundelein, East of Fox Lake, and West of Waukegan. I'm looking for some direction in regards to which towns I should stay away from, which towns have higher rental prices, better appreciation potential, etc. Any help would be great (I am already working with a broker, looking for an investors knowledge, brokers lips are pretty sealed these days)

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  • Property Manager · Lindenhurst, IL · Member since 2016 · 854 posts · 506 votes
    6y

    You'll end up avoiding some of the challenging ares in Waukegan and North Chicago, so as far as the numbers are good, and the area of the particular property you choose is good, then you should be in decent shape. Do you due diligence obviously though. 

  • Lender · Chicago, IL · Member since 2016 · 5 posts · 0 votes
    6y

    @Steve Balinski I have a great realtor who works up in those towns. I'd be happy to connect you two. 

  • Roselle, IL · Member since 2016 · 131 posts · 31 votes
    6y
    Originally posted by @Soh Tanaka:

    You'll end up avoiding some of the challenging ares in Waukegan and North Chicago, so as far as the numbers are good, and the area of the particular property you choose is good, then you should be in decent shape. Do you due diligence obviously though. 

     thats the hard part, getting *accurate* crime stats is hard to find.  The Trulia map seems pretty good, but its still not even that accurate.  I've tried a few other sources as well but.... mehhhh.  Need an investors experience

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