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Updated about 5 years ago on .

User Stats

692
Posts
434
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Eudith Vacio
  • Real Estate Agent
  • Chicago & NWI
434
Votes |
692
Posts

Bronzeville buy and hold OR sell?

Eudith Vacio
  • Real Estate Agent
  • Chicago & NWI
Posted

Fellow BP investors in the Chicago area: I want to pick your mind. 

I am closing on a 2 bedroom/1 bath condo in Grand Boulevard. I was able to get a decent deal at $70k while it looks like the comps in the area for 2bds condo's are selling around $110 - $130k. Rents in the area go from about $1,000 - $1,200. 

I would like rent it out since I think the area has much more potential for appreciation but would also consider selling as I know this is a pretty good time to sell. 

What would you do?

Thanks!

  • Eudith Vacio