Are higher property tax properties worth buying?

[Rene Miguel]

Hello everyone!

I am doing my due diligence and exploring different areas in Chicago. My goal is to purchase a 2/3 flat property, strictly as an investment. I noticed that some areas, like the Town of Cicero/Berwyn, have high property taxes. Are these types of areas worth exploring? I am a bit of a skeptic as the property taxes really eat into the profits. 

Please advise!

[Brian Adzadi]

@Rene Miguel
You are right. Property Taxes do eat up on your profits. The only time it in my opinion it is ok to pay higher property taxes is if its an in demand area or has one of the best school districts.
Tenants are willing to pay top dollar for good, safe, upcoming, or in demand neighborhoods. Tenants are also willing to pay whatever they can to get their children into good districts.
Those two scenarios make it where you can charge nearly whatever you want to offset the cost of higher taxes. Outside of that, personally, its not worth it.