Chicago Market Research

[James Montgomery]

Hey guys, new to both BP and Chicago and I'm looking to get familiar with the multi family rental market in Chicago. Prices, rents, neighborhoods etc. Where is the best place to find this info so I can get a lay of the land and start analyzing my first deals?

Thanks! 

[Aaron Mikottis]

Rentometer is a great resource for picking out rents - you just gotta do a little digging to make sure that the compa they are pulling are actually comparable. For example, a 2 bedroom single family with a garage is going to demand higher rent than a 2 bed unit in an apartment.

City-data.com is another fantastic resource. You can pull demographics, median rent, % change in income level since 2000, unenployment, the list goes on.