General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
South Side Chicago Apartment Investing
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