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Updated almost 8 years ago,

User Stats

15
Posts
1
Votes
Saad Handoo
  • Investor
  • Atlanta, GA
1
Votes |
15
Posts

Good places in Chicagoland to buy a Multi Family?

Saad Handoo
  • Investor
  • Atlanta, GA
Posted

Hi folks-

I am looking into purchased my second rental investment home. My first one was a SFH in Cincy that has been doing fairly well for 1200/month rent on a 104K property. I live in Chicago but manage it remotely and it has been exceptionally easy and cash flowing solid for me.

For my next deal I figured I would do a Duplex to realize stronger Cash on Cash on returns. Since it is a Multi, I figured I would try and invest locally since their may be a few more headaches. Since the city is fairly pricey, I've been looking in the burbs. Joliet, North Chicago and Waukegan have been where my search has been centered around. 

I find solid properties on the MLS but their property taxes are Exorbitantly high (at times around 6.5%). Any one have a clue where I can get cheap Multis in Chicagoland with low taxes?

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