Canadian looking to invest in Chicago

[Saira Khan]

Hello BPers!

I am looking into investing in Chicago.  I have a few investments in Florida, so I'm familiar with the process of buying in the US.  Can any Chicago locals recommend any neighborhoods I should look into for buy & hold rental units?

Ideal property would be built 1980 or newer, 3bdrm + 2bth, Rent is 1% of the purchase price.

Also, any real estate agents you can recommend?

Keyword triggers: Chicago, Illinois, Realtor, Agent

[Rob M.]

Hi Saira, 

Are you looking for monthly cashflow? Long term buy and hold appreciation? What is your main goal? Will you be using a local property manager to manage it? 

I am familiar with many areas of the city/south suburbs, and those sorts of answers would help me guide you in the right areas where you can achieve your goals.