Will little village in Chicago see gentrification any time soon?

[John Anderson]

it is happening in Pilsen, how likely is it to spill over in little village? It appears there are some great deals to be had. It's happening in Avondale,Pilsen,Humboldt but those areas are already pricey. This is a bigger gamble but I think it has a chance for a big pay off.

[Dan S.]

I did not, doubled down on Cicero. I have a 5 and 6 unit in Cicero.

Reasons 1)  Cicero has its own police force, they are responsive in my experience. If you have a problem you can get them to show up. LV which is part of chicago, has chicago police, and I wouldn't trust they have time to come to sort out someones car slightly blocking your buildings driveway in 15 min. I get that in Cicero, and I feel that is something I need based on how I run my biz (I dont have an prop manager who can spend time on this stuff, its all me.)

Also, I hear there more gang activity in LV then Cicero. 

2) Tenants and rent. The rents are going to be less, people just want to live there a little less. I can 100% get good tenants in cicero (income 3x rent, I background and credit check) because people want to live there... 

There are savings in LV, and you dont have to deal with Cicero inspections. Though I value cicero inspections.. as oddly or poorly executed as they can be sometimes. Cicero is trying to improve its housing stock. Also some nice new roads there