What I really like about this neighborhood is properties are cheaper but it’s still close enough to western you can pull the same quality/millennial tenants as properties just east of western that cost nearly twice as much. 2br 1ba 1st floor unit: $1300 – Keep as-is2br 1ba 2nd floor unit: $1550 (Will try $1600 first but to be conservative) – Keep as-is3br 2ba duplex unit: $2200 conservative depending how luxurious comps go up to $2500ish – RehabParking: $75x2 = $150 Total rents: $5200Purchase price: $530,000 with a $7500 closing credit + $20-25k for spiral stair case install and remodeling of attic = $542,500 at $5200 = .95% + added equity being a legal 3 with 3br 2ba now.

@Jessica Chow That would only be popular around downtown where the millennial and "hippie" population is greatest.

The Federal Reserve has ruined the housing & many other markets for millennials!

@Zachary Busekrus  I’m a young millennial like yourself and have only  invested out of state.  

I think this would offer older millennials who are starting a family an attractive option in that they’re moving into a newer home without the commitment and lack of mobility that ownership requires.

This drives values up/  adds another obstacle for what would be millennial home buyers, which strengthens the home renting norm. 

So how would millennials like my self, approach the market with little to no money?

Appeals to tenants who are tech-savvy but not comfortable just shooting over the money on Venmo or whatever.More recently I rented to friends-of-friends who are about my age, hippie millennials like me.

The weather might scare a few people away, but the locals keep themselves insulated and well-primed when the snow and wind come in.The City is actively attempting to lure millennials from Chicago with an ad campaign that highlights the City's amenities and transportation benefits.

Weather, 5 Star living amenities, millennials, seniors, blue and white collar jobs - you name it.