South Side Chicago Apartment Investing

[Scott R.]

Hello all,

I am currently looking into potentially investing 15-25 init apartment properties on Chicagos south side. The cap rates are extremely high across the board in this area (ranging from 8% to 12%). To put it simply, I am looking for what the "catch" is. Now I am aware of the high crime rates and the low income of potential tenants but I am wondering what other risks come along with owning apartments on the south side. Are high vacancies common? Would appreciate any advice from investors or anyone familiar with south side Chicago real estate market. 

Thanks