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Updated almost 11 years ago on . Most recent reply

User Stats

227
Posts
31
Votes
Samson Kay
  • Investor
  • Chicago, IL
31
Votes |
227
Posts

How is the market in Chicago?

Samson Kay
  • Investor
  • Chicago, IL
Posted

I have a potential job opportunity that could bring me to chicago. Was wondering how the multifamily market is in the area. From City feet.com there seems to be some great deals (some 2% rulers) based on what little info I could get from rentometer.com.

But how is the rental demand look in the area? Are there high vacancies? And is it relatively safe?

Is chicago similar in detroit in that they suffered alot from the recession and will take a long time for it to recover?

Some insight would be appreciated as I am seriously considering moving to the area.

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