High Cap rates in Chicago area?

[Mallikarjun Reddy Pateel]

Hello Chicago Investors,

I'm Looking to Invest in Chicago, identified a Property in North Lawndale area wanted to get some Locals feedback about the area? it's 10+ units around 9 Cap rate. property is recently renovated and complete vacant. Looking it as a stable Cashflow.

1.How easy is it to fill the vacancies in the area?

2.How do i check what section 8 is paying for in this particular Neighborhood for given bed & bath?

3. I noticed High cap rates in Chicago, is high cap rates is there a lack of demand? anything to be aware of? I appreciate any Input on this. Thanks!