Investing in 60619 Chicago - duplex 170k, rent 2000

Member since 2018 · 13 posts · 4 votes

I see a post to sell a duplex in 60619, Chicago for $170k, somehow the post was removed by moderator in BP.

Rent is around $2000, tax around 3900.

Anyone have experience investing in the area? Any good property management company? Does it have high vacancy rate? Any issue with vandalism?

It seem a rough neighborhood, any concern the area will deteriorate?

On number, the area seem to give good return on investment:

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John Warren
Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
7y
@Youwei Chen you should ask @Ronan M. He knows those neighborhoods pretty well. You will definitely need a PM that knows how to manage in that area. That could be a challenge with only 2 doors.
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Ronan M.Pro Member
Rental Property Investor · Chicago, IL · Member since 2015 · 352 posts · 281 votes
7y
Thanks for the mention @John Warren
@Youwei Chen
It was last sold in 2013 for $42K.
Area has its challenges. I invest in that area. Need to make sure you get solid well qualified tenants. Vacancy would be higher than average but that could be helped by the quality of your units and your price. Need good property management. PM me if you need a recommendation. Thx
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Youwei Chen
OP
Member since 2018 · 13 posts · 4 votes
7y
@Ronan M. Thanks for input. Chicago seem to be really undervalued. But given its challenge, might be difficult for an inexperienced out of state investor. But would love to learn more given the opportunity.
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