Any Experienced McKinley Park Owners Out There?
Hello, I am an investor here in Chicago and saw a property in McKinley Park that looks great, but I'm not certain about the rental dynamics and upside to achieve a nice cap gain. The broker's been comparing it to Pilsen and Bridgeport, but I'm not sure that is accurate. The property exterior is well maintained with high end finishes and nice features inside. I'm wondering how the rental market is there - easy to rent units, do they sit a while, will I have trouble with a top of the sub-market price point?
I'll of course be reviewing comps and doing additional research to help fill in the blanks myself. However, is there anyone out there with experience in this neighborhood who could give some advice? Curious about your experience here and your thoughts about the future of the neighborhood.