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Updated over 7 years ago,
Cicero Illinois as a place to buy property.
Is anyone familiar with Cicero, Illinois as a place to purchase property? I live a mile from there in Oak Park. The property is priced a fraction of prices in Oak Park, and Cicero is accessible easily from downtown by train. I am not sure if the property values are going to go up or down, relative to other areas. How would the cash flow be, and the ability to obtain manageable tenants? I am considering single family to 12 flats with their respective balance sheets and management challenges. School quality may be a factor. I know it has changed in the last 30 years, when I stayed their briefly. Many of the original groups have left to move further out. I am looking at the area relative to neighbors Berwyn and Forest Park.