How is the situation in Chicago?

[Will Rodriguez]

Hello,

I'm from NYC and looking to make our first purchase of a multi-family in Chicago. I've been coming up with a list of close to a hundred multi family properties which i'll dive deeper into. This is for a buy and long term hold. Focused more on cash flow than appreciation. I'm a little concerned because the numbers for these multi families look a little too good. I know there is a population decline but job growth continues in the right trajectory, and we all know the story with the crime. What's currently scaring investors the most in Chicago? Also, how big of a deal is the whole "split block construction" issue i've been hearing about?

Thanks!