FHA loan & safety issues in west Humboldt park

6 Replies

I’m about to close on a multi family in west Humboldt park. 2 units with an unfinished basement (plan is to turn the basement into a unit)

I'm on an FHA loan so I must live in one of the units for 1 year. But the thing is, the area is not… the friendliest/safest. What are some safety measures and precautions I can take? I will be putting up security cameras around the building and setting up an alarm for my unit.

But is putting a security camera on the garage to view the alley okay as well? Because if it’s fine, I’m doing it. 

What are some other precautions I can take? Any thoughts and experiences on west Humboldt ? I asked my girl friend to room with me but she’s nervous about the area as well. I really do think people will most likely leave me alone if I install cameras. But I can’t help to still be fearful. 

The reason I’m getting this property is because I see value in the following years and it’s a beautiful building. Everything about it is great except the area (for now) 

Location you cannot change.

List: German shepard mixed breed dog, garage to lock up car (smashing windows is common), old ugly car with perfect engine and locks, fortify doors and windows, never leave anything of value visible, sell your fancy electronics and jewelry, Muay Thai classes, always be scanning area before you go through a door, make friends with neighbors-neighborhood watch, how are you with a gun? if you are comfortable start practicing and get permit to carry, what's the parking like in the neighborhood, have you gone there at night and sat in your car for a couple hours, add a ton of lights to the exterior that can't be smashed with a broom or shot out, can you blend in? (this one is difficult to apply if you are different you need to change how you dress and act), don't carry lots of things, don't have packages delivered to doorstep, and this: what are you willing to give up when they come at you?

@Serene Alhalabi - What side of Humboldt Park is your property on?  I live on the NE side and there is no real concern of any problems.  I know if your property is on the SW side that is where the hottest (high crime) area would be, but also likely has the biggest upside.

There are definitely no issues putting up video cameras on the garage and I'd highly recommend it if you are at all worried.  Also, just make sure all your windows and doors are properly secured with good locks.

Lastly, I'd just make sure you make friends with all your neighbors right away.  Also, get the app "NextDoor" a lot of neighbors are on there and are in constant communication about what's going on in the Chicago neighborhoods.

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Originally posted by @Serene Alhalabi :

I’m about to close on a multi family in west Humboldt park. 2 units with an unfinished basement (plan is to turn the basement into a unit)

I'm on an FHA loan so I must live in one of the units for 1 year. But the thing is, the area is not… the friendliest/safest. What are some safety measures and precautions I can take? I will be putting up security cameras around the building and setting up an alarm for my unit.

But is putting a security camera on the garage to view the alley okay as well? Because if it’s fine, I’m doing it. 

What are some other precautions I can take? Any thoughts and experiences on west Humboldt ? I asked my girl friend to room with me but she’s nervous about the area as well. I really do think people will most likely leave me alone if I install cameras. But I can’t help to still be fearful. 

The reason I’m getting this property is because I see value in the following years and it’s a beautiful building. Everything about it is great except the area (for now) 

Security cameras to check the alley is fine. If you're able to consider putting up a fence/gate around the property.  If you don't have a garage but space to install one consider budgeting for a garage.  Regarding Humboldt Park- You're right; your investment will eventually pay off. 

@Serene Alhalabi - You gotta make friends lol it is definitely the safest bet!  

But honestly, even when we go into a rougher neighborhood to walk a property we always look to wave to neighbors or what not to show we are of no harm and just trying to improve the neighborhood.