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Alexander Szikla
  • Real Estate Agent
  • New York City
601
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Chicago Cap Rates and Questions from an OOS Investor

Alexander Szikla
  • Real Estate Agent
  • New York City
Posted Oct 18 2021, 14:13

Hi, I am an NYC/NJ based investor looking out of state for opportunities. Chicago has caught my eye due to all the development that is happening (i.e. Obama library, casino, etc.) in conjunction with affordable prices and no rent control regulations. 

Cap rates seems quite high; surprisingly so, in many low crime suburbs. 

What am I missing? Is +8% cap rates for 6-12 unit buildings normal? 

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