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Updated over 2 years ago on . Most recent reply

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Buying & Selling Real Estate

Need some advice on Multifamily investing in South Side Chicago

Joel Nunez
Posted

I've been coming across a ton of high cash flow multifamily investments in Chicago. 10%+ caps , low cost per unit, and steady population growth. Why are there some many of these building on the market? What am I missing? Please advise....

Chicago, Illinois
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Paul De Luca
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@Joel Nunez

Probably because the majority of them are in D class neighborhoods and when you dig into the numbers they're not actually 10%+ caps.

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