East Garfield (Chicago) Prospects

[Lakshmi Nikitha Duggirala]

Hi everyone, I wanted to ask investors what they think of East Garfield in terms of safety, appreciation, tenant quality and overall outlook as a neighborhood to invest in. 

I found a property that cashflows $1,500+ in East Garfield but the safety of the neighborhood concerned me. But this is an EXECLLENT DEAL that I regret passing on, so I wanted to get people's thoughts on what they think of investing there. 

Has anyone invested here for 2-4 unit multi-family buildings? 

[Lakshmi Nikitha Duggirala]

@Art Perkitny Thank you for that data! The property I was interested in was rented out to participants of the Chicago Housing Authority (CHA) program. That means the government is paying for a majority of their rent, so it is guaranteed cash flow coming in monthly. There is also a huge waitlist to get into the CHA program so I'd assume participants wouldn't jeopardize getting kicked out of the program by destroying the property either. 

Are there any Chicago investors that have invested in that area or considered it and passed?