Outside Investor needs some help deciphering the IL market

[Patrick Senas]

Hello,

I'm an investor from Cali, originally from Waukegan, IL, and am looking to buy properties near my area. I'm looking for distressed MF properties and currently talking to a realtor from the area but I figured I'd get BP's opinion first.

It seems that the market is cold out there. I don't mind either way, if I find a good deal I'll jump on it, but I need some guidance on reading the market there. It's been a while since I've spent a good amount of time back home. What is a good area to look at for MF investments? Are there active investors in this region?

When people talk about investments in the Midwest they generally aren't talking about IL. I also heard that taxes have gone up but they seem low compared to CA. I'd like to link up with other investors that are local to the area to talk. 

Thanks!

Pat