Chicago: Investing in East Garfield Park and Austi

[Sean McKee]

Hello BP and fellow Chicagoland Investors.

Through conversations and research I’ve increasingly heard more about East Garfield Park and Austin (especially East Garfield Park). It seems like both areas offer strong cash flows.

I’m aware of the crime in both areas and the potential risks stemming from that.

However from a rental aspect what blocks/areas, if any, attract the best tenant pool? Have you experienced any significant periods of vacancy?

I’ve been to the neighborhoods quite a bit, but never really considered them from a rental aspect. I’d be curious to know what people think.

Thanks

[John Clark]

Don't touch Chicago, or Illinois for that matter, until they both get:

1. current covid-19 deficits/budgets under control (not really their faults on that one) and you find out how much taxes will rise on that issue, AND;

2. their pension deficits under control (essentially never, but we can dream) or at least stop having to make $800 million yearly payments due to their criminal neglect of the pension problem, AND;

3. at least for Chicago, ridiculous pro-tenant laws are modified/eliminated. I don't mind looking after tenants, but Chicago's going off the deep end.