Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

12
Posts
0
Votes
Sade Adejumo
  • Chicago, IL
0
Votes |
12
Posts

Chicago South Austin Neighborhood Multi-Unit Investing

Sade Adejumo
  • Chicago, IL
Posted

I just recently put in an offer on a 2-unit with a garden unit in the basement. It's located in the South Austin area of Chicago. I love the property but I am unsure of the ROI and the area for purposes of tenanting decent rent paying people and a good rent to start with. This will be my very first property and first investment into real estate period. I've been researching real estate investing for years and now that I have finally taken action, I'm afraid it may not be the best move and that I don't enough about being a landlord to be confident in my decision. Does anyone have any valuable advice or guidance???? Please help! Thanks

Most Popular Reply

User Stats

2,961
Posts
1,832
Votes
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
1,832
Votes |
2,961
Posts
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied
Originally posted by @Sade Adejumo:

I just recently put in an offer on a 2-unit with a garden unit in the basement. It's located in the South Austin area of Chicago. I love the property but I am unsure of the ROI and the Does anyone have any valuable advice or guidance???? Please help! Thanks

 1st things 1st-  An an investor Never fall "In Love" w/ a property. Fall in love w/ ROI. Regarding the ROI, you can find out the potential for rent thru an agent, tools like rentometer,...... Here's a BP Guide Fair Market Rent.  

  • Crystal Smith
  • 3126817487
  • Loading replies...