Property in Southside Chicago Between I-94 and Hamilton Park

[Eidref Laxa]

Hello BP,

I am a beginning investor in the Bay Area. I recently got pre-approved for a mortgage and  teared up a little when I found out what I could "afford." Upon realizing that my house hack plans may be delayed, I decided on opening up my investing options out of state. 

I found an apartment complex in the  South Chicago 60621 zip code off 72nd street in between I-94 and Memorial Park.

Can any locals/investors give me any low down on properties in that area and confirm if the rents are about right. I mainly want to know if the area is safe and not a war zone? If anyone can also throw in any development they may know of, starbucks, grocery stores.

1 Bedroom 600

2 Bedroom 700

Any input is greatly appreciated!

[Ronan M.]

I have a 15unit a couple of blocks from there. I am there at least twice a week.  I will go check it out for you if you like. 

I am not buying anything for another 12 months or so. But like to keep myself sharp by staying tuned to the market. 

But you should know this going in..that area is slightly too far from the new developments to be positively affected by it in the near term. And like I said, it’s an area of considerable challenges in terms of crime and poverty etc.