First Timer Looking to House Hack in Chicago Area

[Matthew M.]

Hey guys,

I am very new to BP and this forum, and I'm doing as much research as possible. I am 25 years old, and I'm looking to house hack a duplex/triplex/quad within the Chicago area. My annual income is approximately 70,000 / year, with approximately $1,400 in monthly expenses and a 750 credit score. I can put down about $10,000 and am looking to get an FHA loan for my first deal.

My questions are, does this seem possible within the Chicago area? Sure, there's plenty of cheap deals out there, but a lot of those are in the warzone.

I am looking for something relatively close (within 45 minutes) of Midway airport, as I do a lot of traveling for work. Can some local guys offer some advice as to what / where I should be looking? I understand that this is a vague question, but I'm looking for some help/guidance as to where to start.  I am a commercial (multi-family) inspector by trade, so I have some decent experience in that side of the real estate game.

Given my credentials listed above, what do you think I can afford? 

Thanks in advance.