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Updated about 3 years ago,

Alexander Szikla's profile image
Alexander Szikla's profile image
Alexander Szikla
  • Real Estate Agent
  • from New York City
  • Member since Jan 23, 2020
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User Stats

788
Posts
623
Votes
Alexander Szikla's profile image
Alexander Szikla's profile image
Alexander Szikla
  • Real Estate Agent
  • from New York City
  • Member since Jan 23, 2020
Connect
Alexander Szikla
  • Real Estate Agent
  • New York City
623
Votes |
788
Posts
Chicago Real Estate Forum

Chicago Cap Rates and Questions from an OOS Investor

Alexander Szikla
  • Real Estate Agent
  • New York City
Posted

Hi, I am an NYC/NJ based investor looking out of state for opportunities. Chicago has caught my eye due to all the development that is happening (i.e. Obama library, casino, etc.) in conjunction with affordable prices and no rent control regulations. 

Cap rates seems quite high; surprisingly so, in many low crime suburbs. 

What am I missing? Is +8% cap rates for 6-12 unit buildings normal? 

Chicago, Illinois
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