What are A, B, C, D Chicago northwest & west suburbs

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What are A, B, C, D Chicago northwest & west suburbs

Marco Marcus
Rental Property Investor · Member since 2018 · 12 posts · 5 votes

Hey everyone

New investor here

Can you guys classified what’s considered A, B, C, D locations in northwest & west Chicago suburbs,

I’ve been looking like crazy to find an apartment buildings to purchase but getting outbid by a lot, all multi units properties getting almost full price offers & close deals (where full price numbers doesn’t make sense!!!)

I’ve switch my hunting in to apartments with HoA but seems to be same, so I’m consider that maybe I’m in wrong areas A or B ? Or maybe market is hot?

Any advice on multiple questions I’ve made in this post

Thanks

2Reply
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Most Popular Reply

Andrew Holmes
Rental Property Investor · Chicago, IL · Member since 2015 · 275 posts · 271 votes
5y
Area County Location #Area in MLS Area
A,B,C,D		 Approach
Loop Chicago Downtown 8032 Flip
South Holland Cook County Cook County 473 Flip / Cashflow
Matteson Cook County Cook County 443 Flip
Auburn Gresham Chicago Southwest 8071 Flip / Cashflow
Belmont Cragin Chicago Northwest 8019 Flip / Cashflow
Cicero Cook County Cook County 650 Flip
Washington Heights Chicago Southwest 8073 Flip
Chatham Chicago Far South 8044 Flip
Homewood Cook County Cook County 430 Flip
Bellwood Cook County Cook County 2104 Flip / Cashflow
Roseland Chicago Far South 8049 Flip
West Lawn Chicago Southwest 8065 Flip / Cashflow
Austin Chicago West 8025 Cashflow
Country Club Hills Cook County Cook County 478 Cashflow
Streamwood Cook County Cook County 107 Cashflow
Calumet City Cook County Cook County 409 Flip / Cashflow
Evergreen Park Cook County Cook County 642 Cashflow
Calumet Heights Chicago Far South 8048 Flip / Cashflow
Morgan Park Chicago Southwest 8075 Flip / Cashflow
Dolton Cook County Cook County 419 Cashflow
Chicago Lawn Chicago Southwest 8066 Flip / Cashflow
Clearing Chicago Southwest 8064 Flip / Cashflow
Oak Forest Cook County Cook County 452 Cashflow
Ashburn Chicago Southwest 8070 Cashflow
Garfield Ridge Chicago Southwest 8056 Cashflow
Maywood Cook County Cook County 153 Flip
Avalon Park Chicago Far South 8045 Cashflow
Westchester Cook County Cook County 154 Cashflow
Buffalo Grove Cook County Cook County 89 Flip
Lansing Cook County Cook County 438 Flip
Greater Grand Crossing Chicago South 8069 Cashflow
Hanover Park Cook County Cook County 103 Cashflow
Park Forest Cook County Cook County 466 Cashflow
Richton Park Cook County Cook County 471 Cashflow
West Pullman Chicago Far South 8053 Cashflow
Chicago Heights Cook County Cook County 411 Cashflow
Woodridge Cook County Cook County 517 Flip / Cashflow
Portage Park Chicago Northwest 8015 Flip / Cashflow
Alsip Cook County Cook County 658 Cashflow
Broadview Cook County Cook County 155 Cashflow
Flossmoor Cook County Cook County 422 Cashflow
Franklin Park Cook County Cook County 131 Cashflow
Skokie Cook County Cook County 76 Flip
Beverly Chicago Southwest 8072 Cashflow
Berwyn Cook County Cook County 402 Cashflow
Brookfield Cook County Cook County 513 Cashflow
Elmwood Park Cook County Cook County 635 Flip / Cashflow
Palatine Cook County Cook County 67 Flip
East Side Chicago Far South 8052 Cashflow
South Deering Chicago Far South 8051 Cashflow
Dunning Chicago Northwest 8017 Flip / Cashflow
Calumet Park Cook County Cook County 643 Cashflow
Elk grove village Cook County Cook County 7 Flip / Cashflow
Hazel Crest Cook County Cook County 429 Cashflow
Posen Cook County Cook County 469 Cashflow
Schaumburg Cook County Cook County 193 Flip
South Shore Chicago South 8043 Flip
Burbank Cook County Cook County 454 Cashflow
Elgin Cook County Cook County 123 Cashflow
Lemont Cook County Cook County 439 Cashflow
Morton Grove Cook County Cook County 53 Flip / Cashflow
Orland Park Cook County Cook County 462 Flip / Cashflow
Rolling Meadows Cook County Cook County 8 Flip
Pullman Chicago Far South 8050 Cashflow
Mount Greenwood Chicago Southwest 8074 Cashflow
Humboldt Park Chicago West 8023 Cashflow
Des plaines Cook County Cook County 16 Flip / Cashflow
Glenwood Cook County Cook County 425 Cashflow
Hoffman Estates Cook County Cook County 194 Flip / Cashflow
La Grange Cook County Cook County 525 Flip / Cashflow
Niles Cook County Cook County 648 Flip
Oak Lawn Cook County Cook County 453 Flip
Roselle Cook County Cook County 172 Cashflow
Winnetka Cook County Cook County 93 Cashflow
Jefferson Chicago Far Northwest 8011 Flip / Cashflow
Norwood Chicago Far Northwest 8010 Flip / Cashflow
Arlington Heights Cook County Cook County 5 Flip
Bartlett Cook County Cook County 104 Cashflow
Berkeley Cook County Cook County 163 Cashflow
Glenview Cook County Cook County 25   Flip
La Grange Park Cook County Cook County 526   Cashflow
Northbrook Cook County Cook County 62   Flip
Western Springs Cook County Cook County 558   Cashflow
South Chicago Chicago Far South 8046   Cashflow
Logan Square Chicago North 8022   Flip
West Town Chicago West 8024   Flip
Montclare Chicago Northwest 8018   Cashflow
Hickory Hills Cook County Cook County 457   Flip
Hillside Cook County Cook County 162   Cashflow
Park Ridge Cook County Cook County 68   Flip
Tinley Park Cook County Cook County 477   Flip
Wilmette Cook County Cook County 91   Flip / Cashflow
Lincoln Park Chicago North 8007   Flip
Englewood Chicago South 8068   Cashflow
Grand Boulevard Chicago South 8038   Flip
New City Chicago South 8061   Cashflow
Gage Park Chicago Southwest 8063   Cashflow
West Elsdon Chicago Southwest 8062   Cashflow
Blue Island Cook County Cook County 406   Cashflow
Burr Ridge Cook County Cook County 522   Flip / Cashflow
Forest Park Cook County Cook County 130   Flip
Justice Cook County Cook County 458   Cashflow
Melrose Park Cook County Cook County 160   Cashflow
Mount Prospect Cook County Cook County 56   Flip
Oak Park Cook County Cook County 302   Flip
Olympia Fields Cook County Cook County 461   Cashflow
Sauk Village Cook County Cook County 414   Cashflow
Wheeling Cook County Cook County 90   Flip
Worth Cook County Cook County  482   Cashflow
Albany Chicago Far North 8014   Flip
West Ridge Chicago Far North 8002   Flip
Forest Glen Chicago Far Northwest 8012   Cashflow
Hegewisch Chicago Far South 8055   Cashflow
Brighton Park Chicago Southwest 8058   Flip
Irving Park Chicago Northwest 8016   Flip
Chicago Ridge Cook County Cook County 415   Cashflow
Lynwood Cook County Cook County 5411   Cashflow
Markham Cook County Cook County 4426   Cashflow
Norridge Cook County Cook County 634   Cashflow
Northfield Cook County Cook County 7193   Cashflow
Palos Heights Cook County Cook County 463    Cashflow
Summit Cook County Cook County 501   Cashflow
Edgewater Chicago Far North 8077   Flip
Burnside Chicago Far South 8047   Cashflow
Lake View Chicago North 8006   Flip
Mckinley Park Chicago South 8059   Cashflow
Archer Heights Chicago Southwest 8057   Cashflow
North Lawndale Chicago West 8029   Cashflow
South Lawndale Chicago West 8030   Cashflow
West Garfield Park Chicago West 8026   Cashflow
Evanston Cook County Cook County 201   Flip / Cashflow
Glencoe Cook County Cook County 22   Cashflow
Harvey Cook County Cook County 426   Cashflow
Lincolnwood Cook County Cook County 645   Flip / Cashflow
Palos Hills Cook County Cook County 465   Cashflow
Palos Park Cook County Cook County 464   Cashflow
Prospect Heights Cook County Cook County 70   Flip / Cashflow
Stone Park Cook County Cook County 165   Cashflow
Lincoln Square Chicago Far North 8004   Flip
North Park Chicago Far North 8013   Flip
Uptown Chicago Far North 8003   Flip
Avondale Chicago North 8021   Flip
North Center Chicago North 8005   Flip
Bridgeport Chicago South 8060   Flip
Douglas Chicago South 8035   Flip
Oakland Chicago South 8036   Cashflow
Washington Park Chicago South 8040   Cashflow
Woodlawn Chicago South 8042   Cashflow
West Englewood Chicago Southwest 8067   Cashflow
Near West Side Chicago West 8028   Flip
Bridgeview Cook County Cook County 455   Cashflow
Crestwood Cook County Cook County 446   Flip
Kenilworth Cook County Cook County 43   Cashflow
Lyons Cook County Cook County 534   Cashflow
Northlake Cook County Cook County 164   Cashflow
River Forest Cook County Cook County 305   Cashflow
River Grove Cook County Cook County 171   Cashflow
Rosemont Cook County Cook County 18   Cashflow
Schiller Park Cook County Cook County 176   Cashflow
Rogers Park Chicago Far North 8001   Flip
Edison Chicago Far Northwest 8009   Cashflow
O'Hare Chicago Far Northwest 8076   Flip
Riverdale Chicago Far South 8054   -
Armour Square Chicago South 8034   Flip / Cashflow
Hyde Park Chicago South 8041   Flip
Kenwood Chicago South 8039   Flip
Lower West Side Chicago West 8031 Flip
Near North Side Chicago Downtown 8008 Flip
Near South Side Chicago Downtown
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  • Peter Halliday
    Rental Property Investor · Arlington Heights, IL · Member since 2017 · 243 posts · 108 votes
    6y

    I'm here in Arlington Heights.  You. can count on two hands how many properties that would fit your criteria make it to the market in the last 3-5 years.  Most of the properties are selling of-market in these areas.  I would love to connect and help in whatever way I can.  I started by looking out there as well. 

    2Reply
  • Henry Lazerow
    Real Estate Agent · Chicago, IL · Member since 2017 · 2k+ posts · 2k+ votes
    6y

    Good C areas: Waukegan, Elgin, Aurora these all have lower taxes (compared to many of their surrounding suburbs) and decent working class tenants.

    Good B areas: Highwood, etc. 

    A and even most B suburbs will be tough to cashflow. Taxes crazy too. 

    If you can just do 5% down owner occupant loan on a higher priced but much lower tax rate chicago 3/4 unit property thats often the most profitible ROI option.

    4Reply
  • John Clark
    Member since 2018 · 1k+ posts · 1k+ votes
    6y

    "getting outbid by a lot, all multi units properties getting almost full price offers & close deals (where full price numbers doesn’t make sense!!!)"

    ---------------------------

    Numbers don't make sense to whom? You? You are irrelevant. I am irrelevant. The market rules. If you are being consistently outbid "by a lot" then your modelling is wrong. Maybe you're being spared the pain of a correction in the future when prices decline to a point that justifie(s)(d) your model, but right here, right now, your modelling is wrong. That said, remember that North Shore and Northwest suburbs, particularly A and B suburbs, have a bigger appreciation factor than lower class areas. That means a model based on positive cash flow gets out bid by someone willing to bank on appreciation.
    __________________________

    "I’ve switch my hunting in to apartments with HoA but seems to be same"

    --------------------------

    My advice is to stay away from homeowner associations. They can change rules and forbid rentals, hold you accountable for tenant misconduct, and association fees hurt cash flow. Then there's always the fight between real owners who want adequate reserves and improvement funding, and investors who don't care and fight everything.


    2Reply
  • Marco Marcus
    OP
    Rental Property Investor · Member since 2018 · 12 posts · 5 votes
    6y

    @John Clark

    @John Clark

    “Rough” but you might be right maybe my vision of investing model is wrong

    What would you recommend ?

    I’m not considering south side suburbs or South Chicago as my investing areas

    What model would you recommend in hot market? Wait to cool down ? Invest now? How to find good deal ?

    Thank for advice

    0Reply
  • Marco Marcus
    OP
    Rental Property Investor · Member since 2018 · 12 posts · 5 votes
    6y

    @Henry Lazerow

    Ohhh Taxes....True taxes are killing SF in those areas that’s why I’ve started looking for 6-units buildings in suburbs and learn tough lesson that is not easy to get anything, competition is high, finding deals almost impossible

    Should I wait to market cool down?

    Should I switch to C areas west suburbs ... so many things going thru my mind now....ughhh

    0Reply
  • Marco Marcus
    OP
    Rental Property Investor · Member since 2018 · 12 posts · 5 votes
    6y

    @Peter Halliday

    Sure let’s connect

    0Reply
  • Henry Lazerow
    Real Estate Agent · Chicago, IL · Member since 2017 · 2k+ posts · 2k+ votes
    6y

    Connect with Peter he is an awesome resource!

    If you can afford a 6 unit in suburbs why not look for a 3 or 4 unit in the B neighborhoods of Chicago. For example Albany Park, Irving Park, Rogers Park, etc.

    5Reply
  • John Clark
    Member since 2018 · 1k+ posts · 1k+ votes
    6y
    "I’m not considering south side suburbs or South Chicago as my investing areas."
    ------------------
    Why not?

    0Reply
  • Eric M.
    Flipper/Rehabber · Louisville, KY · Member since 2008 · 1k+ posts · 1k+ votes
    6y

    You're asking for very specific advice but haven't given your investing goals. 

    For example, if healthy cash flow or cap rate is your main criteria, you are simply not going to get it in those areas 

    So much depends on your time frame too.

    0Reply
  • John Warren
    Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    6y

    @Marco Marcus Chicago is a huge market, and there are dozens and dozens of towns and neighborhoods in the greater MSA that work well for investing. I invest heavily in the near western suburbs, and many of my clients have found great deals here in the past year as well. 

    As for the idea of A, B, C and D class neighborhoods, I like to think of the restaurants as a good indicator. A class has boutique, organic, vegan, etc. B class has your nicer chain restaurants and your star bucks will be there too. C class has fast food only. D class may be a bit of a food desert. Hope this helps!

    4Reply
  • Jake FugmanBusiness Member
    Real Estate Broker · Chicago, IL · Member since 2016 · 256 posts · 250 votes
    6y

    @Marco Marcus  If this is a true investment property that you wont be living in yourself I would recommend strongly considering the SW side of the city or near SW suburbs (lower price points an higher inventory).   Im a fan of Gage Park and Garfield Ridge right now to find buildings that are close to hitting the "1% rule" with reasonable taxes.  Also, near SW burbs like Berwyn, Brookfield, or Summit are B,C class (or better) areas that have inventory of MF buildings. 

    My general recommendation would be to avoid buying individual condos unless you are willing to be on the HOA board and influence policy - too much risk otherwise that the building could introduce rent restrictions.

    If you must stay on the NW side Id recommend connecting with some mid market brokerages or other investment focused realtors that may have access to off market properties.  Good luck!

    The Axon Group4.981 Reviews
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    4Reply
  • Colin M.
    Member since 2018 · 70 posts · 15 votes
    6y

    @Jake Fugman - Curious to know more on what your thoughts are on Chicago SS neighborhoods? Im an out of state investor focusing on this area and drawn towards Woodlawn, South Shore, South Chicago areas.HOwever as an out-of-towner Im sure im not seeing the local picture. Would you have any feedback on these areas / recommendations??

    1Reply
  • Randall Owens
    Member since 2019 · 24 posts · 10 votes
    6y

    @Colin M. I was raised on the SS of Chicago specifically in South Shore and Woodlawn. My advice to you is to come to the city and actually view these South Side properties before moving forward to ensure that you are buying on a good block. A lot of the real estate in these areas vary by block due to crime. However, with the numbers done right in the beginning and you are on a good block I believe these areas will produce good cash flow and equity. These areas are really close to the lake, lake shore drive and there is talks of new development of the Barack Obama library/museum and Tiger Woods golf course. All of these amenities I believe will be beneficial to a REI but its important to buy on a good block and do the numbers first to ensure that the property will cash flow.

    4Reply
  • Colin M.
    Member since 2018 · 70 posts · 15 votes
    6y
    Hey Guys -

    I would also like to add to Marcos Thread by asking...... What do you consider are the A, B, C, D neighborhoods on the Southside..... That is, judging  the SouthSide as its own city and not comparing to NS.


    0Reply
  • Colin M.
    Member since 2018 · 70 posts · 15 votes
    6y

    @Randall Owens - thanks for the feedback. I've heard that about it being a block by block situation. I have been to Chicago a couple times and absolutely would be checking out neighborhoods/streets before purchasing. Is it really that close that 1 block is a winner then the very next block is crime? Seems a little too close for comfort?

    0Reply
  • Randall Owens
    Member since 2019 · 24 posts · 10 votes
    6y

    @Colin M. In the areas that you are looking into that consist of Woodlawn, South Shore, and South Chicago, from my personal experience I can say that crimes vary by block. I can agree that it sometimes can be too close to comfort especially if you are not used to that kind of environment. However, there are good blocks with good people in these areas. I believe that if the numbers done right in the beginning and you are on a good block these areas will produce good cash flow and equity.

    0Reply
  • Mark Eichenlaub
    Investor · Chicago suburbs · Member since 2018 · 31 posts · 4 votes
    5y

    Great thread.

    1Reply
  • Robert Andersen
    Member since 2020 · 20 posts · 7 votes
    5y
    Originally posted by @Colin M.:

    @Jake Fugman - Curious to know more on what your thoughts are on Chicago SS neighborhoods? Im an out of state investor focusing on this area and drawn towards Woodlawn, South Shore, South Chicago areas.HOwever as an out-of-towner Im sure im not seeing the local picture. Would you have any feedback on these areas / recommendations??

    I grew up in Chicago and I would avoid these areas. Even if you're on a block with a low crime rate that's subject to change as tenants move or get evicted. Woodlawn is the only one on that list that I would even consider and it would have to be close to the university. 


    If you're looking for cheaper areas with more inventory with low/moderate crime West Lawn, Brighton park, Humblt park (North/East'ish, do not invest on the southern part), Bronzeville.

    Stay away from anything Austin (unless it's on the West side a block or less away from Oak Park), South Chicago, Garfield anything, Englewood area. 

    0Reply
  • Andrew Holmes
    Rental Property Investor · Chicago, IL · Member since 2015 · 275 posts · 271 votes
    5y
    Area County Location #Area in MLS Area
    A,B,C,D    		 Approach
    Loop Chicago Downtown 8032 Flip
    South Holland Cook County Cook County 473 Flip / Cashflow
    Matteson Cook County Cook County 443 Flip
    Auburn Gresham Chicago Southwest 8071 Flip / Cashflow
    Belmont Cragin Chicago Northwest 8019 Flip / Cashflow
    Cicero Cook County Cook County 650 Flip
    Washington Heights Chicago Southwest 8073 Flip
    Chatham Chicago Far South 8044 Flip
    Homewood Cook County Cook County 430 Flip
    Bellwood Cook County Cook County 2104 Flip / Cashflow
    Roseland Chicago Far South 8049 Flip
    West Lawn Chicago Southwest 8065 Flip / Cashflow
    Austin Chicago West 8025 Cashflow
    Country Club Hills Cook County Cook County 478 Cashflow
    Streamwood Cook County Cook County 107 Cashflow
    Calumet City Cook County Cook County 409 Flip / Cashflow
    Evergreen Park Cook County Cook County 642 Cashflow
    Calumet Heights Chicago Far South 8048 Flip / Cashflow
    Morgan Park Chicago Southwest 8075 Flip / Cashflow
    Dolton Cook County Cook County 419 Cashflow
    Chicago Lawn Chicago Southwest 8066 Flip / Cashflow
    Clearing Chicago Southwest 8064 Flip / Cashflow
    Oak Forest Cook County Cook County 452 Cashflow
    Ashburn Chicago Southwest 8070 Cashflow
    Garfield Ridge Chicago Southwest 8056 Cashflow
    Maywood Cook County Cook County 153 Flip
    Avalon Park Chicago Far South 8045 Cashflow
    Westchester Cook County Cook County 154 Cashflow
    Buffalo Grove Cook County Cook County 89 Flip
    Lansing Cook County Cook County 438 Flip
    Greater Grand Crossing Chicago South 8069 Cashflow
    Hanover Park Cook County Cook County 103 Cashflow
    Park Forest Cook County Cook County 466 Cashflow
    Richton Park Cook County Cook County 471 Cashflow
    West Pullman Chicago Far South 8053 Cashflow
    Chicago Heights Cook County Cook County 411 Cashflow
    Woodridge Cook County Cook County 517 Flip / Cashflow
    Portage Park Chicago Northwest 8015 Flip / Cashflow
    Alsip Cook County Cook County 658 Cashflow
    Broadview Cook County Cook County 155 Cashflow
    Flossmoor Cook County Cook County 422 Cashflow
    Franklin Park Cook County Cook County 131 Cashflow
    Skokie Cook County Cook County 76 Flip
    Beverly Chicago Southwest 8072 Cashflow
    Berwyn Cook County Cook County 402 Cashflow
    Brookfield Cook County Cook County 513 Cashflow
    Elmwood Park Cook County Cook County 635 Flip / Cashflow
    Palatine Cook County Cook County 67 Flip
    East Side Chicago Far South 8052 Cashflow
    South Deering Chicago Far South 8051 Cashflow
    Dunning Chicago Northwest 8017 Flip / Cashflow
    Calumet Park Cook County Cook County 643 Cashflow
    Elk grove village Cook County Cook County 7 Flip / Cashflow
    Hazel Crest Cook County Cook County 429 Cashflow
    Posen Cook County Cook County 469 Cashflow
    Schaumburg Cook County Cook County 193 Flip
    South Shore Chicago South 8043 Flip
    Burbank Cook County Cook County 454 Cashflow
    Elgin Cook County Cook County 123 Cashflow
    Lemont Cook County Cook County 439 Cashflow
    Morton Grove Cook County Cook County 53 Flip / Cashflow
    Orland Park Cook County Cook County 462 Flip / Cashflow
    Rolling Meadows Cook County Cook County 8 Flip
    Pullman Chicago Far South 8050 Cashflow
    Mount Greenwood Chicago Southwest 8074 Cashflow
    Humboldt Park Chicago West 8023 Cashflow
    Des plaines Cook County Cook County 16 Flip / Cashflow
    Glenwood Cook County Cook County 425 Cashflow
    Hoffman Estates Cook County Cook County 194 Flip / Cashflow
    La Grange Cook County Cook County 525 Flip / Cashflow
    Niles Cook County Cook County 648 Flip
    Oak Lawn Cook County Cook County 453 Flip
    Roselle Cook County Cook County 172 Cashflow
    Winnetka Cook County Cook County 93 Cashflow
    Jefferson Chicago Far Northwest 8011 Flip / Cashflow
    Norwood Chicago Far Northwest 8010 Flip / Cashflow
    Arlington Heights Cook County Cook County 5 Flip
    Bartlett Cook County Cook County 104 Cashflow
    Berkeley Cook County Cook County 163 Cashflow
    Glenview Cook County Cook County 25   Flip
    La Grange Park Cook County Cook County 526   Cashflow
    Northbrook Cook County Cook County 62   Flip
    Western Springs Cook County Cook County 558   Cashflow
    South Chicago Chicago Far South 8046   Cashflow
    Logan Square Chicago North 8022   Flip
    West Town Chicago West 8024   Flip
    Montclare Chicago Northwest 8018   Cashflow
    Hickory Hills Cook County Cook County 457   Flip
    Hillside Cook County Cook County 162   Cashflow
    Park Ridge Cook County Cook County 68   Flip
    Tinley Park Cook County Cook County 477   Flip
    Wilmette Cook County Cook County 91   Flip / Cashflow
    Lincoln Park Chicago North 8007   Flip
    Englewood Chicago South 8068   Cashflow
    Grand Boulevard Chicago South 8038   Flip
    New City Chicago South 8061   Cashflow
    Gage Park Chicago Southwest 8063   Cashflow
    West Elsdon Chicago Southwest 8062   Cashflow
    Blue Island Cook County Cook County 406   Cashflow
    Burr Ridge Cook County Cook County 522   Flip / Cashflow
    Forest Park Cook County Cook County 130   Flip
    Justice Cook County Cook County 458   Cashflow
    Melrose Park Cook County Cook County 160   Cashflow
    Mount Prospect Cook County Cook County 56   Flip
    Oak Park Cook County Cook County 302   Flip
    Olympia Fields Cook County Cook County 461   Cashflow
    Sauk Village Cook County Cook County 414   Cashflow
    Wheeling Cook County Cook County 90   Flip
    Worth Cook County Cook County  482   Cashflow
    Albany Chicago Far North 8014   Flip
    West Ridge Chicago Far North 8002   Flip
    Forest Glen Chicago Far Northwest 8012   Cashflow
    Hegewisch Chicago Far South 8055   Cashflow
    Brighton Park Chicago Southwest 8058   Flip
    Irving Park Chicago Northwest 8016   Flip
    Chicago Ridge Cook County Cook County 415   Cashflow
    Lynwood Cook County Cook County 5411   Cashflow
    Markham Cook County Cook County 4426   Cashflow
    Norridge Cook County Cook County 634   Cashflow
    Northfield Cook County Cook County 7193   Cashflow
    Palos Heights Cook County Cook County 463    Cashflow
    Summit Cook County Cook County 501   Cashflow
    Edgewater Chicago Far North 8077   Flip
    Burnside Chicago Far South 8047   Cashflow
    Lake View Chicago North 8006   Flip
    Mckinley Park Chicago South 8059   Cashflow
    Archer Heights Chicago Southwest 8057   Cashflow
    North Lawndale Chicago West 8029   Cashflow
    South Lawndale Chicago West 8030   Cashflow
    West Garfield Park Chicago West 8026   Cashflow
    Evanston Cook County Cook County 201   Flip / Cashflow
    Glencoe Cook County Cook County 22   Cashflow
    Harvey Cook County Cook County 426   Cashflow
    Lincolnwood Cook County Cook County 645   Flip / Cashflow
    Palos Hills Cook County Cook County 465   Cashflow
    Palos Park Cook County Cook County 464   Cashflow
    Prospect Heights Cook County Cook County 70   Flip / Cashflow
    Stone Park Cook County Cook County 165   Cashflow
    Lincoln Square Chicago Far North 8004   Flip
    North Park Chicago Far North 8013   Flip
    Uptown Chicago Far North 8003   Flip
    Avondale Chicago North 8021   Flip
    North Center Chicago North 8005   Flip
    Bridgeport Chicago South 8060   Flip
    Douglas Chicago South 8035   Flip
    Oakland Chicago South 8036   Cashflow
    Washington Park Chicago South 8040   Cashflow
    Woodlawn Chicago South 8042   Cashflow
    West Englewood Chicago Southwest 8067   Cashflow
    Near West Side Chicago West 8028   Flip
    Bridgeview Cook County Cook County 455   Cashflow
    Crestwood Cook County Cook County 446   Flip
    Kenilworth Cook County Cook County 43   Cashflow
    Lyons Cook County Cook County 534   Cashflow
    Northlake Cook County Cook County 164   Cashflow
    River Forest Cook County Cook County 305   Cashflow
    River Grove Cook County Cook County 171   Cashflow
    Rosemont Cook County Cook County 18   Cashflow
    Schiller Park Cook County Cook County 176   Cashflow
    Rogers Park Chicago Far North 8001   Flip
    Edison Chicago Far Northwest 8009   Cashflow
    O'Hare Chicago Far Northwest 8076   Flip
    Riverdale Chicago Far South 8054   -
    Armour Square Chicago South 8034   Flip / Cashflow
    Hyde Park Chicago South 8041   Flip
    Kenwood Chicago South 8039   Flip
    Lower West Side Chicago West 8031 Flip
    Near North Side Chicago Downtown 8008 Flip
    Near South Side Chicago Downtown
    16Reply
  • Andrew Holmes
    Rental Property Investor · Chicago, IL · Member since 2015 · 275 posts · 271 votes
    5y

    @Marco Marcus - I just posted a list of area with A, B, C, D. How I categorize area's for my own investment purposes. Then I realized that someone will point out that I have a real estate license and say I am calling that area A, B, C, D. I did that on the radio show once and got a call from the Mayor of that town and the real estate board so I though better and deleted my categorization of areas. Of course I am talking purely from an investing basis but rather than opening a can of worms here I deleted that column. I left in there what makes sense flips or rentals. Of course based on your acquisition cost this may change. If you find a great deal in an A area you may decide to keep it and not flip it. 

    A - Aspirational Area/ Areas where most people would love to live. Good restaurants, Good school generally. Great for flips. Generally rentals will be too high to make money. 

    B - Bread and Butter very low crime. Generally close to A Areas but not as expensive. Great for flips and excellent rental areas as long as you buy right. 

    C- Some challenges and some crime. May have some factors not quite desirable. Also great for flips and rentals. Generally these areas will have more blue collar workers than B areas but will have some really great pockets to invest in. 

    D- Disaster. These areas are economically challenged. Which leads to a host of issues. Crime generally will be high. 

    You will have to do the research yourself and categorize the areas.  

    4Reply
  • Antwoine Flowers
    Rental Property Investor · Chicago, IL · Member since 2019 · 1 post · 0 votes
    5y

    Curious as well. Why exclude 50% of the city??

    0Reply
  • Marci Zhang
    Real Estate Agent · Schaumburg, IL · Member since 2015 · 22 posts · 4 votes
    5y

    Looking to sell my rental SFH in Hoffman Estates. 3 bed 1 bath ranch $265K. Current tenant pays on time and wants to renew 10/1/2021. $1850/mo plus utilities.

    0Reply
  • Revathi C.
    New to Real Estate · Chicago · Member since 2023 · 3 posts · 1 vote
    3y
    Quote from @Andrew Holmes:

    @Marco Marcus - I just posted a list of area with A, B, C, D. How I categorize area's for my own investment purposes. Then I realized that someone will point out that I have a real estate license and say I am calling that area A, B, C, D. I did that on the radio show once and got a call from the Mayor of that town and the real estate board so I though better and deleted my categorization of areas. Of course I am talking purely from an investing basis but rather than opening a can of worms here I deleted that column. I left in there what makes sense flips or rentals. Of course based on your acquisition cost this may change. If you find a great deal in an A area you may decide to keep it and not flip it. 

    A - Aspirational Area/ Areas where most people would love to live. Good restaurants, Good school generally. Great for flips. Generally rentals will be too high to make money. 

    B - Bread and Butter very low crime. Generally close to A Areas but not as expensive. Great for flips and excellent rental areas as long as you buy right. 

    C- Some challenges and some crime. May have some factors not quite desirable. Also great for flips and rentals. Generally these areas will have more blue collar workers than B areas but will have some really great pockets to invest in. 

    D- Disaster. These areas are economically challenged. Which leads to a host of issues. Crime generally will be high. 

    You will have to do the research yourself and categorize the areas.  


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