What are the best and worst Chicago south side sub markets?

[Michael Newman]

 Hello all, 

 Hoping to get some first-hand knowledge and/or opinions on the best southside Chicago sub markets for apartment building investments. I've heard that Woodlawn, Bronzeville, and Jackson Park highlands are submarkets that are trending upwards or are expected to be in the near future.  I believe these are close to the University of Chicago and the proposed presidential library. Can anyone confirm this? Or does anyone feel bad these areas are not good investments?   Other areas that people think are good? Thanks in advance. Trying to learn about the investment climate there. 

[Alex Bok]

@michaelnewman I work very closely in the southside market here in Chicago and I can definitely you that these markets are trending upwards especially with the news of the Obama library as well as the general uptick in Chicago. Woodlawn, Bronzeville, Jackson Park, and I would add Washington Park has areas in chicago most affected and on the uptick. These are great areas for investing in my opinion as long as you have great management (which I would be more than happy to assist you with). In general id say the on the purchase side about 2 years ago you could have gotten in at around 25-30k a unit when purchasing an REO however now those numbers are at 30-40k a unit for REOs

Other great areas in Chatham, South Shore, Auburn Gresham has great multi units available still. Other than that the 'upcoming' south side areas included Roseland and West Pullman which I have spent a good deal of time in too since these markets are just starting to turn around

Hit me with a direct message if you want to chat!