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Updated over 5 years ago, 04/24/2019
North Suburbs (Libertyville, Lake Forest, Des Plains, etc.)
Hi All,
Been a long term reader, first time poster.
I moved to Chicago 2 years ago for work and have been renting ever since. I've got a lay of the land and i'm ready to jump in but wanted to reach out for some advice.
I work out in Lake Forest and want to keep my commute to a minimum so wanted to live in the north Suburbs. The ultimate goal is to house hack and to get a multi family home, live in one apartment and rent the others out. I've got pre-approved for a mortgage and just about to look for a real estate agent. The second choice is to go for a SFH and bank on the appreciation.
Had a few questions that wanted to get people's advice on:
1) What north suburb should i aim for?
2) Based on the current markets in the burbs, should i go with the SFH option or the multifamily home option?