All Forum Posts by: Joey Kays

Awesome info!

In terms of taxes, if you live in the multifamily home are you eligible for the homeowner reduction?

Truthfully not a big fan of Waukegan. Property prices are cheap there but the area is not the greatest. 

Libertyville is looking like best option and your right unfortunately the stock of multi family in this area is non existent.

How about Des Plains? Its in the burbs but also is closer to the city. The prices are lower compared to north shore and it has a few multi family units.

Hi All,

Been a long term reader, first time poster. 

I moved to Chicago 2 years ago for work and have been renting ever since. I've got a lay of the land and i'm ready to jump in but wanted to reach out for some advice.

I work out in Lake Forest and want to keep my commute to a minimum so wanted to live in the north Suburbs. The ultimate goal is to house hack and to get a multi family home, live in one apartment and rent the others out. I've got pre-approved for a mortgage and just about to look for a real estate agent. The second choice is to go for a SFH and bank on the appreciation.

Had a few questions that wanted to get people's advice on:

1) What north suburb should i aim for? 

2) Based on the current markets in the burbs, should i go with the SFH option or the multifamily home option?