what are best areas for rental properties in Illinois?

[Chris Zlotnik]

I am looking to buy one or two rental properties in Chicagoland and I have started looking at north and northwest suburbs but there are not a lot of good deals. Most properties have cap rate about 5-6%, where are others looking for good income properties in Chicago area?

[Ravi P.]

Chris, just make sure you are paying attention to the property taxes. If you buy in Cook County, the property gets reassessed every 3 years. If the property has not been reassess you should budget atleast 15-25% increase, higher in the areas that have seen significant appreciation.