Which neighborhood to invest in Chicago?

[Elias Munoz]

We’re looking to invest in Chicago as our first out of state property investment. Our budget is 110k and looking for a multi-family property but open to a single family home if the numbers look right. Our goal is for something with cosmetic work and cash flow. We been searching on redfin,Zillow and realtor for properties and some properties look great on paper but we’re having trouble on what neighborhoods to stay away from and which are the good ones. Does anyone recommend a neighborhood that’s up and coming and would be under 110k. This would really help us move forward on buying our first one. Thank you in advance.

[Paul De Luca]

@Elias Munoz

Your best option would be to target the southeast suburbs of Chicago, between I-57 and the border of Indiana. Small multi-family with some cosmetic updates may be harder to find than a 2-3 bed/1 bath SFH within your budget. Some good neighborhoods to target include Lansing, Homewood, Oak Forest, Glenwood, Lynwood, and South Holland.