Northwest Chicago Neighboorhoods

[Luke O'Connor]

Hello BP!

I am hoping to find some insight on the Logan/Avondale/Irving Park neighborhoods of Chicago. While I know that these neighborhoods are highly competitive and good deals are not east to come by, I'd like to know if my goal is obtainable.

My goal  is to purchase and House Hack a 2 or 3 unit property in the price range of $350,000-$450,000 next spring. While living in a unit I would like to pay $800/month or less after all expenses and savings are accounted for. Also, I plan to have around 45-50k for a 5-10% mortgage, while leaving some money for an emergency fund. I am not afraid of a home that needs work, but I would like to limit the majority of it to cosmetic repair. 

I know there are Chicago neighborhoods that will provide a higher return on my investment; however, this is the area I prefer to live in. 

Any insight or advice would be greatly appreciated. 

Thanks!

Luke