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Updated almost 6 years ago, 01/09/2019
Should I hold this duplex or should I sell it???
My family has a property in Chicago. This is the link. https://www.redfin.com/IL/Chicago/7926-S-Aberdeen-...
I'm wondering if it's a good idea to do some repairs and rent it out or if we should just sell it. There is a mortgage principal of about 60k and the ARV is possibly 200k, but the only problem is it's on the Southside of Chicago, near Englewood. Property taxes are increasing, the population is decreasing and I'm not a very experienced investor to know what condition the market is in.
If there are any investors who are familiar with the Southside Chicago market, your feedback will be greatly appreciated.