Any Chicago Multi-Family Investors ?

[Caitlin Damani]

Hello - I'm interested in investing in some larger multi-families in Chicago. I'd love to get some insight about best neighborhoods for low vacancy and good long-term tenants. Also, it seems like the eviction process is rather lengthy, how would you rate Chicago's landlord friendliness?

[Lumi Ispas]

@Caitlin Damani , Congratulation on choosing the 4th largest business centers in the world for your investment. There are a number of neighborhoods that match your requirements: some of them: Logan Square, Humboldt Park, United Center, West Town, Avondale, Bridgeport, Bronzeville, Pilsen, McKinley Park, etc. 

Regarding the landlord-tenant laws, the city is occupied 70% by tenants, so you can imagine that the City is tenant-friendly! I can send you the Landlord- Tenant Ordinance Summary if you are interested. You just need to follow the law, choose your tenants carefully by doing a credit, background, and eviction checks,  which I assume you'll do it anywhere else anyway.