All Forum Posts by: Kevin Hunter

And I love the East Side of Chicago and I actually JUST bought a 3-unit building out there last November that I'm rehabbing that is located near 95th and Avenue M.

It's blocks away from the park, on a main street, and while it's not in the program, its near South Chicago, which is in the INVEST/ SOUTH WEST program. The city of chicago had a holiday sale on some vacant lots, as well and I purchase the lot next to my new property a couple of months ago. There is a lot of opportunity in the area, and taxes are low, rents are rising so you can make it work! You should also look into INVERT Chicago where they are trying to create an underground system in the East Side, it's pretty cool.

Let me know if you have any questions - would be happy to help!

Thanks Eudith for the information! I just sent you a request to connect, would definitely like to chat!

0 Votes

Chicago, Illinois

Quote from @Jose Estrada:

Ive been thinking about it myself. I'm attracted to it because of the cost vs steadiness of tenant pool.

funny that you mentioned the invest south west, it's not a part of the program. However I think that any are that is near those projects is going to be getting a sticker premium.

I do know that the area is one of the pilot zones for the adu

im not sure what your goals are but if you want to chat and connect hit me up on a DM.

cheers,

Thanks Jose for the insight, will connect with you shortly!

0 Votes

Chicago, Illinois

Quote from @Tan Su:

see it in the night.

thanks for the reply

0 Votes

Chicago, Illinois

Hello BP Community!

Anyone have any thoughts on investing on the East side of Chicago? (Avenue B-O) This sometimes seems like a "forgotten" part of the city, especially being the fact that it runs right up to Indiana state line. However, after taking a drive through several blocks, I see well taken care of buildings and homes despite the area once being home to heavy industrial activity such as steel mills.

Gathering details online it is in fact one of our 77 community areas. Located in the far southeastern corner of the city, the East Side is bounded by the Calumet River on the north and west, Lake Michigan on the east and Egger’s Grove on the south. Numerous bike paths and trails are also in the area

I've looked to see if the east side was selected as one of the neighborhoods in the city's INVEST SOUTH/WEST but did not find anything. Any thoughts? Am I looking at some potential here? or are my glasses just foggy? lol

1 Vote

Chicago, Illinois

@Tom Shallcross may I have the list of meetups too, please!

0 Votes

Chicago, Illinois

@Alex Jaimes hello Alex, I JUST had a similar issue. Legal 2 flat, with an “in-law” unit in basement. The previous owner had a 3rd electric meter added recently but that meter controls the common areas of the building (hallway and outside lighting). My lender only started to ask questions when the appraisal came back with notes that mentioned the # of meters. Long story short, we had to prove that the 3rd meter was strictly for the common areas and not for the basement, also had to pay for electrical inspection and documentation back to lender. Deal funded/closed!

0 Votes

Chicago, Illinois