Chicago Investors in North Lawndale Area

[Albert Plawinski]

I am looking at some properties in the North Lawndale area on the West side of Chicago. Anyone from this forum investing there? This is an area that has undergone some changes in the last two years. I wouldn't mind meeting up for coffee to chat about our investment strategies as well as networking with some investors in the area. The key to developing such areas is to have a strong community presence and a connection with owner-occupied buildings. Anyone out there?

[Ibn Abney]

@Albert Plawinski this area (and similar areas nearby) are definitely block by block. I would definitely recommend driving through the area if possible. Relative to other areas in Chicago, definitely higher crime rate. Tenants via section 8 shouldn't be an issue/ are plentiful.

I would consider your capex expenses vs. purchase price. A Lot of folks like the high cash flow/low purchase price in this area, but I find expenses and property management cost outweigh the purchase discount.

good luck!