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Updated over 3 years ago,

Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Investor
  • from Oak Park, Illinois
  • Member since Nov 3, 2014
Connect

User Stats

301
Posts
148
Votes
Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Investor
  • from Oak Park, Illinois
  • Member since Nov 3, 2014
Connect
Mike Nelson
  • Investor
  • Oak Park, IL
148
Votes |
301
Posts
Illinois Real Estate Q&A Discussion Forum

Current rental market in Chicago?

Mike Nelson
  • Investor
  • Oak Park, IL
Posted

What is the current demand for tenants in Chicago?  When I marketed and rented an apartment 8 months ago, I found it more difficult to find qualified tenants, and ended up dropping rent 10-15%.  Location is Wicker Park.  At that time, unemployment was quite high, reducing available tenant pool and reducing demand.   What is demand and rent level like compared to 6 months ago and 2-years ago?

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