INVESTING IN CHICAGO WESTERN SUBURBS (DUPAGE COUNTY)

[Paul Brown]

Hey Guys, 

I'm newer to Bigger Pockets. I've listened to some webinars and podcasts and I'm interested in investing in the western suburbs of Chicago Illinois in Dupage County. Specifically the areas of Lombard 60148 and Villa Park 60181. Over the last 6-8 months I've looked at all the MLS deals in this market and my analysis is that it is undervalued compared to surrounding areas such as Elmhurst 60126, Glen Ellyn 60137, Wheaton 60187, Downers Grove 60515. I live in Elmhurst and also own a local moving company (Two Men And A Truck) so I talk to a lot of people about why they are moving and the trend seems to be that they are priced out of the more expensive surrounding areas and so they are moving to Lombard and Villa Park. Both cities seem to have good schools, lower taxes and still close enough to Chicago for easy access in and out for work and entertainment. In particular, it seems like a lot of younger people who grew up in the more expensive surrounding areas that I mentioned are moving back to this area after college and simply can't afford to buy or rent a home there.

I am just finishing up the rehab on a buy and hold sigle family property (4 bed 2 bath) in Lombard and am happy with the financials and now looking for more projects. I currently own some industrial properties but am fairly new to residential. Can you guys give me any feedback on my analysis? Any help would be greatly appreciated.