What areas around the Chicago land Area good for Rentals?

[Brian Geiger]

Hello Everyone,

I am no stranger to the Chicago Real Estate Market. I've seen some areas where Fix n Flips are happening even during this difficult time that is upon us. 

However I am not experience on the rental market here in the Chicagoland area (yes I mean the suburbs not just the city). Can anyone tell me what areas are seeing people buy homes? In addition, can some one tell me what areas are the best rental markets? 

Much gratitude and I appreciate the help.

[Michael Taylor]

I am a newbie, so take this with a grain of salt.  I have invested only in the city of Chicago and not the suburbs because of the taxes.  In my analysis of properties, the city is more profitable per door compared to similar buildings in the burbs.  Even in the "hood", the rents are strong and section 8 is even better.  I started investing with my first building (a duplex) in May of 2019, I have 10 units now and I just signed a contract for a 8 unit all on the southside.  Although I am from the city myself, I now live in the burbs.  So as I drive around and I look at some of the rough areas of town, I ask myself "who would want to live here"?  The answer is, "people who already live there".   So regardless of how the area looks, people have to live someplace so never under estimate the potential of what property could bring you.  As long as you provide a clean and modern building, without bugs and mice, tenants will live there.  For me, the "hood" is gold.  I am making great cash on cash returns compared to the suburbs or the northside.  My two cents.