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Updated about 5 years ago on . Most recent reply

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7
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Justin Galante
  • Chicago, IL
1
Votes |
7
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Best Chicago Neighborhoods to Buy Mulitfamily?

Justin Galante
  • Chicago, IL
Posted

Interested in moving to Chicago post college and want to start by investing in and living in a multi family unit.

What are popular neighborhoods for investors?

Most Popular Reply

User Stats

255
Posts
141
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Joseph Konney
  • Real Estate Agent
  • Forest Park, IL
141
Votes |
255
Posts
Joseph Konney
  • Real Estate Agent
  • Forest Park, IL
Replied

Hi @Justin Galante - There are a lot of options too choose from depending on your budget. However, the ideal neighborhood where you live and the one where you invest might not be the same. Working commute and area lifestyle are large factors to consider as well.

I personally like investing C areas that cash flow well that include some speculation of improving in the future as the city expands and stabilizes. For example, the wood lawn area on the south side and north austin / west humboldt park area on the west side. I currently have 24 units mostly on the west side of Chicago.

Feel free to connect and reach out. I'd be happy to chat about any specifics I can. 

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