Best areas for Multi Unit in Chicago area

[Derek A.]

I'm new to the Chicago area. What has everyone found to be the best areas (or up and coming areas) to purchase a multi-unit? 

[Jake Fugman]

@Derek A. Depends on budget and your threshold for the balance of cashflow VS appreciation. The southside (South Shore, Hyde Park, Woodlawn, Washington Park) is still the best market for higher cap rates (cash flow). The highest appreciation of 2-4 unit buildings in the last few years has been Lincoln Park, Roscoe, Lakeview, and Wicker Park area from what I have seen, but you get almost zero cash flow and will need to count on appreciation over at least 5-10 yrs to hit your ROI goal(s).

When Im working with clients looking to buy a in an area that has good balance I typically direct them to areas on the near west and NW side.  I like Humboldt Park, Logan, Avondale, and Smith Park for those with a budget of $400 - 500K to secure a 2-4 unit.