Updated almost 2 years ago on . Most recent reply
Chicago high-rise investment
Hello, does anyone have any feedback on ROI/rental income for condos in the 60610 or 60614 zip codes in Chicago? I'm looking at the high rises near Lakeshore drive area. I like the added security with doorman and onsite maintenance but know the assessments can be high. Looking to hold this as long term investment and rental income.
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I agree with @Jonathan Klemm. It's really difficult to get those condos to make sense as investments in my experience. Maybe if you put a large down payment on the property and you find a low HOA fee building but there is also the potential risk of large special assessments if the HOA isn't well managed.