Chicago North Lawndale Experiences and Actual Returns

[Frank S.]

North Lawndale comes with a stigma, it appears to be a war zone in D areas.  However, properties are cheap, and section 8 may provide some sweet returns. 

Are you experienced in this area?  If so, I would like to hear your stories, please.  What are the pros and cons of investing in this section of Chicago?

Thanks a lot!

[Mike B.]

Hi Frank,

I'm very familiar with that area as well as others in Chicago at that price point/returns. The entire experience will come down to the team you have around you. Property management will eventually make or break your investment.

Pros: 

Returns

price point

Cons:

Break ins

limited working hours

the cast of characters 

Increased risk of getting shot

Increased risk of getting robbed