What areas do you recommend in Chicagoland for Rental Condos ?

[Alex Tokmazeyskiy]

I Am considering doing cash refinance and will be able to obtain about  $140k. Thinking of buying 2 condos, since they are less risk as far as repairs etc. What areas would you recommend in Chicagoland ? With best cash return. I saw some available for around 100k near Loyola University Marine dr. Or would you suggest suburbs ? I would be putting down 40% as down-payment. 

[Alex Tokmazeyskiy]

Yes, I am ready for them and believe you are right))) HOAs suck, but owning a Multi Unit for past 8 years, there are cons to those as well, like major  Roof Repairs, basements leaking, building plumbing issues etc , lawn mowing and snow removal costs and higher taxes,  those are to consider as well. In condos you don't have to worry about those.