Updated over 5 years ago on . Most recent reply
Best Areas for Househacking in Chicago
I'm new to real estate investing and trying to get into owning a Multifamily unit using as little capital as possible. Househacking seems to be very newbie friendly and I'm looking to target a couple of areas in Chicago for my first one.
Can anyone recommend what are good areas in Chicago to house hack? In terms of being a decent area(while not too over priced) and a up and coming area?
Most Popular Reply
House hacking is an awesome strategy. I house hack a 4 unit in rogers park/edgewater. My #1 pick right now is Albany Park prices are still relatively cheap and appreciating/rent prices growing like crazy. There also is Avondale, Logan Square, East Humboldt Park, West Town where prices are a bit higher but can still find deals that work especially if OK with an illegal 3rd or 4th unit for additional income.