Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

3
Posts
0
Votes
Dea Boskovich
  • Chicago, IL
0
Votes |
3
Posts

Opinions on these neighborhoods for my first place?

Dea Boskovich
  • Chicago, IL
Posted

I've been following these forums for a while and I'm finally ready to get started. For my first place, I am looking for a single family home or row home that is somewhat of a fixer-upper but doesn't require full gut rehab. I want to buy in a neighborhood that will appreciate significantly over the next 5-10 years. I plan to live there, but may rent it out eventually depending on where life takes me. (As a sidenote, I plan to make a 3 or 4 flat my 2nd purchase, but I want to ease into home ownership and become more experienced with fixing a place up before I become a landlord as well.)

My budget is somewhere between 150-250 depending on the level of reno needed, and realistically I should probably go for somewhere in the 200-225 range with light cosmetic rehab needed. (I can and have done a lot of that stuff already.)

Right now I am looking mainly in these areas:

Hermosa

Tri-Taylor/Near West Side

Humboldt Park/West Humboldt Park

Portage Park/Irving Park

Belmont Cragin/Belmont Gardens

West Humboldt Park seems to be the cheapest, and Portage/Irving the most expensive. However, I could find a place in any of them with enough patience, so I am most concerned with which would be the best investment. Does anyone have any input?

Thanks very much for the opinions and advice!

Loading replies...