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Keith T Williams
  • Investor
  • Chicago, IL
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Is Englewood a good city to invest in real estate?

Keith T Williams
  • Investor
  • Chicago, IL
Posted Aug 15 2022, 18:39

I'm looking to buy a multi family unit in Englewood for a fix and flip. Is this a good market and city to invest in?  Will I be able to flip a property in this area ?

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Paul De Luca
  • Real Estate Agent
  • Chicago, IL
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Paul De Luca
  • Real Estate Agent
  • Chicago, IL
Replied Aug 16 2022, 07:33

@Keith T Williams

It's a D class neighborhood and usually that means it is not an ideal place to own real estate. You can make money in D class neighborhoods but you will want to do your homework and connect with other investors that have done business there.

  • Real Estate Agent Illinois (#475.190985)

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Zachary Jensen
Tax & Financial Services
#2 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • San Diego, CA
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Zachary Jensen
Tax & Financial Services
#2 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • San Diego, CA
Replied Aug 16 2022, 08:19

There is no free lunch! Private Lenders are usually reluctant to lend in these areas but if you have an existing relationship it should be easier. 

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