6-12 Unit Multifamily Investment Locations In Illinois

[Linh Khuc]

Hi All,

I've been looking into multifamily investment property (6-12 units), been looking in the Chicago neighbors, western suburbs, dug into information such as population, income, job growth, crime rates, rent vs homeowner ratio....found these facts.

Chicago neighbors, west sides (Maywood, Berwyn, Cicero, Austin, Chicago Heights, Little Village) have higher rent vs home owner ratio, higher crime rates, lower average income, more building available for sale compared to the western suburbs (Aurora, Plainfied, Elgin, Joliet, Rockford). 

With that said, between west side Chicago neighbors and Western suburbs, each of them has pros and cons, the catch is hard to find a multifamily property (6-12 units) in the suburbs compared to west side Chicago, does it mean this is a good sign for the western suburbs ? 

Any investors have any thoughts about better location to invest in those neighbors ?