Buy and hold rental property

[Ayush Vijaywargi]

I am looking to buy a 1 bedroom or studio  condo as a buy and hold rental property in Chicago (Near North side, South loop, Gold Coast, Printers Park, Streeterville, Old town or West Loop). Can anyone help me in understanding the rental market in these areas? How easy it is to rent out the condo in current market?

Suggestions for other Neighborhoods are also appreciated!

[Henry Lazerow]

A 1br or studio will be extremely easy to rent out in any of those locations (as long as priced to market) those are all prime areas. Also check out East Lincoln Park there are several older condo buildings largely owned by investors that are all 1br's and studios. I actually almost bought a studio in one a while back. 

Overall with condos be careful of the association rules. I always recommend buying a multi unit if you can afford it instead.