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Updated about 1 year ago on . Most recent reply
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East Humboldt Park Rental Flop?
Hello Everyone!
The title might be a bit dramatic, but I’m still trying to figure out the East Humboldt park rental market.
We finished renovations on a 2 bedroom garden unit and have had a it listed for several weeks with only 4 showings!
This is a pretty nice unit in a solid B area and location. I know it’s winter time and stuff moves slower. However I just rented my significantly less nice 1 bedroom apartment in Cicero in like a week.
This is an owner occupied building and admittedly renting it out was not my primary objective when we bought it, so I didn’t pay as close of attention to the rental market.
However I would still appreciate some insights from people familiar with rentals in the area. Does this area really slow down that much in the winter? Do I want to much(I listed some information at the bottom)? Or is there a larger vacancy issue in East Humboldt park?
-2 bedroom, 1 bath garden unit
- 1525 rent. Tenant pays gas and electric
- Forced air and central ac
- stainless steel appliances.
-dishwasher/microwave
- on site laundry
- Finishings are pretty updated
Thanks!
Most Popular Reply
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Quote from @Sean McKee:
Hello Everyone!
The title might be a bit dramatic, but I’m still trying to figure out the East Humboldt park rental market.
We finished renovations on a 2 bedroom garden unit and have had a it listed for several weeks with only 4 showings!
This is a pretty nice unit in a solid B area and location. I know it’s winter time and stuff moves slower. However I just rented my significantly less nice 1 bedroom apartment in Cicero in like a week.
This is an owner occupied building and admittedly renting it out was not my primary objective when we bought it, so I didn’t pay as close of attention to the rental market.
However I would still appreciate some insights from people familiar with rentals in the area. Does this area really slow down that much in the winter? Do I want to much(I listed some information at the bottom)? Or is there a larger vacancy issue in East Humboldt park?
-2 bedroom, 1 bath garden unit
- 1525 rent. Tenant pays gas and electric
- Forced air and central ac
- stainless steel appliances.
-dishwasher/microwave
- on site laundry
- Finishings are pretty updated
Thanks!
Your rent is in-line with the market based on the comps I reviewed, but most of those comps were rented in August. So seasonality is definitely a factor. Do you have high quality photos?
You may have to discount the rent a bit more if you want to fill it fast.
- Paul De Luca
- [email protected]
- 8477024745
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