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Updated about 10 years ago,
What are great neighborhoos in Chicago for multi-unit investment?
Hello BP members. Hope all of you are doing well. This post is probably more geared towards Chicago area investors.
I am looking to purchase a multi-unit building ( 3-6 units) in the Chicago area. I would like to get some ideas on what are the good areas to invest. I already own a few properties in Chicago but want to to be sure that I am looking at the best location for my new investment. I am a buy and hold investor, so this property should retain or gain value in the long run. My criteria is
1)Good School district, high house hold incomes
2) Low crime and close to public transportation
3) Rental amount should be atleast over $1100(2br-2bath unit), Taxes should be reasonable, not like Skokir or park ridge 12K+
The areas or zipcodes would help.
Thanks,
Zulf.