Chicago buy and hold or sell?

[Eudith Vacio]

Fellow BP investors in the Chicago area: I want to pick your mind.

I am closing on a 2 bedroom/1 bath condo in Grand Boulevard. I was able to get a decent deal at $70k while it looks like the comps in the area for 2bds condo's are selling around $110 - $130k. Rents in the area go from about $1,000 - $1,200.

I would like rent it out since I think the area has much more potential for appreciation but would also consider selling as I know this is a pretty good time to sell.

What would you do?

Thanks!