Good places in Chicagoland to buy a Multi Family?

[Saad Handoo]

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?

[Jeff Dulla]

@Saad Handoo - I would start by localizing this even further. I would pick an area that is closer to you and easier for you to manage first and foremost.

From there, people hate on cook county but the cook county suburbs have some of the lowest real estate tax percentages of any of the other counties around. Dupage, lake and Kane border on some ridiculous levels.

Even as you venture into the suburbs, I can tell you from experience that competition is still pretty stiff. From the options you said I think they are pretty spread out to really know an area or specialize in an area. It's also going to be harder for you to find one or two agents that really know the areas. I would really try to hone in on one area to start with.