Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

11
Posts
4
Votes
Jonathan Sor
  • Southern California
4
Votes |
11
Posts

16 Unit Residential Apartment - Tell me about Stickney, IL

Jonathan Sor
  • Southern California
Posted

Hi Everyone,

I'm currently looking at a 16 unit apartment in Stickney, IL and was wondering if anyone had any insight about the city. Doing some preliminary research so far and wanted to get a broader scope of opinion from individuals who live in the area and are much more familiar with the city and surrounding area. 

My initial impression is that it's a small town with almost half of it's city proper taken up by the large water reclamation plant.  The city itself seems to be working class with what I would classify as B-/C+ neighborhoods.

I live in Southern California and have only been to the Chicagoland area a few times.  I have a 12 unit in Lansing, IL but haven't had a chance to scout Stickney and the surrounding area yet.  

Any insight would be  Much appreciated,

Jon

  • Jonathan Sor
  • Most Popular Reply

    User Stats

    28,242
    Posts
    41,509
    Votes
    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
    41,509
    Votes |
    28,242
    Posts
    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
    ModeratorReplied

    It's basically Chicago, which I would avoid like the plague. It seems to be one of the most corrupt, heavily regulated cities in the country. Have you checked the taxes on this property yet?

    I get the feeling you found a property and now you're trying to see if the location is worth it. That's trying to fit a square peg into a round hole. Research the area first, then look for property.

    • Nathan Gesner
    business profile image
    The DIY Landlord Book
    4.7 stars
    248 Reviews

    Loading replies...