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Updated about 4 years ago on . Most recent reply

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Michael Brown
  • New to Real Estate
  • Chicago, IL
2
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7
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Best Areas for Househacking in Chicago

Michael Brown
  • New to Real Estate
  • Chicago, IL
Posted

I'm new to real estate investing and trying to get into owning a Multifamily unit using as little capital as possible. Househacking seems to be very newbie friendly and I'm looking to target a couple of areas in Chicago for my first one.

Can anyone recommend what are good areas in Chicago to house hack? In terms of being a decent area(while not too over priced) and a up and coming area?

Most Popular Reply

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1,872
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Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
2,380
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1,872
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Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
Replied

House hacking is an awesome strategy. I house hack a 4 unit in rogers park/edgewater. My #1 pick right now is Albany Park prices are still relatively cheap and appreciating/rent prices growing like crazy. There also is Avondale, Logan Square, East Humboldt Park, West Town where prices are a bit higher but can still find deals that work especially if OK with an illegal 3rd or 4th unit for additional income. 

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