Absurdly good deals in Chicago

[Marc Latreille]

So I am browsing properties all over the country, lately realizing that Chicago has ridiculous deals... I know it is a city with a lot of crime, that most of these areas are really rough...

But how bad can it be? Buildings are literally money-printing machines, even counting a 15% vacancy/unpaid rents. They have 15% net caps, which is at least twice as good as a 'good deal'

There are dozens for sale, some have been listed for a long time. Obviously, I know something is up, but how bad can it be?  This seems to me like the lowest hanging fruit... ever

I feel like more people will realize this and prices will go up... and even if they don't, the ROI is still absolutely great

On the flipside, I have been looking at REI for a long time and am not dumb ... I know if they ain't selling, there is a reason, but I feel like this could be the beginning of a great investment

We had a bad area here in Montreal, two areas actually. Among the worst in the country for decades... until people figured they were both right next to downtown, one to the south, one to the east... since then, they have gotten nicer, safer and so expensive

I see this as a huge opportunity, as crime is going down, house prices are going up... I understand these areas (Englewood, South Shore) are not the best, but I feel like it is changing. It is so close to downtown, how can it not appreciate? We are talking about Chicago, after all, one of the largest cities in the whole world, a true A-class city.

Would you buy these things? Do you see that market changing? 

Comments are very welcomed!

Thanks

Marc