House Hacking in Evanston, IL?!

[Jonathan Seyfert]

Hey BiggerPockets community,

I am a brand new to the real estate investing world and excited to start investing in some brick and mortar as opposed to more index funds. My wife and I love Evanston, IL and were wondering if anyone had any experience in the city with rentals and what that has been like for you?

We are still trying to nail down our desired city to start investing and have lived in Evanston in the past, so know the city fairly well. We would be considering a house hack using FHA loan on a $750k - $1.25million multifamily property, living it in for 2-3 year and then moving on to our next adventure as we turn all units to rentals.

We live in the Northern suburbs of Chicago and are also considering starting to invest in either Chicago or Milwaukee, although neither of those options would be a house hack.

Any opinions or experiences you can share about Evanston, IL would be much appreciated!

Thanks and happy fall,

Jonathan