Best Month to Buy a Multifamily in Chicago

[Rochelle Fernando]

I’m looking to purchase a multifamily property in Chicago and want to choose the best month to buy so I can rent out the units quickly. I’m considering December, January, or February—which month typically allows for faster tenant placement?

For neighborhoods, I’m thinking about Logan Square, Bucktown, and Wicker Park, but I’m not interested in the South Side. Are there other areas with high rental yields, low eviction rates, and reasonable starting prices for multifamily homes that you would recommend? Thank you!