Riverside, CA · Member since 2018 · 6 posts · 2 votes
I see some opportunity in Stoney Island park area, but not familiar with this area and would like to get some opinion from BP family. Based on my basic research, this area mixed with SFH and rental apartment building, the crime rate shows tier 2 from Trulia (not that bad), and vacancy rate is around 15%. Especially for E 83th St, how the overall safety in this area? and does this area evaluate as C class?
Any suggestion will be really appreciate. Thanks a lot.
If you are investing, crime shouldn't concern you. Investment is about cash flow. If you can get consistent, proven monthly positive cash flow of $100 in a Class A area, and $500 in a class D, which one would you choose? You're not living there
In Chicago, crime differs from block to block. I see great potential and ROI in this area as I grew up in this neighborhood and have watched it transform positively!