Chicago's Greater Grand Crossing Area

[Michael Boyle]

Does anyone have experience with Chicago's Greater Grand Crossing Area? I'm curious if it would be a good location for a new investor. 

Thanks in advance for any insight!

[Ronan M.]

I have a property in GC. Overall its a mixed bag but their are some positives. Such as...

People who know and live in the area claim it has much improved in the last 10 years.

90/40 runs right through it so its offers easy access to and from the city for residents who commute by car.

The train runs along 90/94 so it has good train service to and from the city and to connecting lines.

All major roads from 63rd to 79th have good bus service and also feed the train lines. So residents/renters have good options for public transport. 

To the south is Chatham, a decent area with great housing stock, nice neighborhoods and good commerce with malls and shops offering both employment and social amenities. 

To the west is Englewood which has been much touted by the City and the press as an area for positive redevelopment. 

A big consideration would be what type of rental property are you considering ?   2 Flat, 4 Flat, a big Multi ?    That would make a big difference as to the type of strategy you need to adopt.

And as other have mentioned if you are not from the area or familiar with the area you need solid local management that can check both of those boxes.   

I have a property in GC and while it has had its challenges so far I have no big regrets. But I have a great local team and  very specific guidelines and criteria with regards to the type of properties that interest me.