South Chicago Suburbs

[Sam Denny]

I'm looking to invest in potential turnkey properties in some of the South Chicago suburbs like Dolton, Matteson, South Holland, and Lansing.  I was hoping to chat with some locals who either live in the area and preferable invest in those neighborhoods to get a feel what they are like.  I know that the taxes can be very high but the rents seem to make up for the high tax rates.  I'm happy to share any insight into the Seattle and western Washington markets.  Thank you advance! 

Sam

[Crystal Smith]

 Investing in the Chicago South Suburbs depends on your strategy.  If you're investing 100% for cash flow & intend on holding the property forever then it's just a matter of running your numbers for rent minus expenses to see if you can hit your target profit margin.  

If however you're concerned with cash flow & potentially selling your property later w/ either a small appreciation in price or at least no reduction in value then you need to be careful where you invest in the South Suburbs.  We stopped purchasing Single families to hold quite a while back but we do purchase to flip & have done a few deals in the South Suburbs that are also areas where properties are available for buy & hold.  Areas we like that fit these criteria:  Burbank; Calumet Park; Chicago Heights, Country Club Hill; Glenwood, Lansing, South Holland; Matteson & Richton Park.  

I'm sure there are opportunities in Dolton but we've taken it off our list because we always had difficulties w/ the village when we owned property there.  Then we could never make the numbers work for any future purchases.