Whiting Indiana? Anyone invest here
Anyone invest in Whiting Indiana 2-4 units? I work heavily in Chicago and am happy to share any info on our local market in return.
Some questions.....
It appears 4 units are selling 2-3x as high of prices compared to nearby areas such as Hammond. There is very few listings in MLS so not a ton of data to sort through. Are the tenants that much better/rents that much higher? What is considered a good deal for a ready to rent (not rehabbed) 4 unit in Whiting Indiana? Average rents for a nice shape but not newly rehabbed 2br 1ba, 3br 1ba?
What vacancy are you seeing? I assume appreciation will be pretty null at least compared to Chicago class A/B. Anything else should know about this area? I drive through all the time when kiteboarding at Wolf Lake and it's just outside Chicago would like to learn more.
Feel free to PM.
Thanks