@Bron JamesI own a number of rentals in the surrounding towns near mundelein and you should be fine.  

Jobs - Rental properties are no better than the surrounding jobs.

You should know that there is stiff competition on the higher end rentals from newly constructed and soon to be completed apartments in Lincoln Park and surrounding areas.

We've also helped clients buy all over the metro and surrounding areas. 

Looking for Recommendations for an Investor Friendly Title Company in Henderson, TX and the surrounding areas.

It was by far the biggest house in the surrounding area for almost 2 miles in a suburban city on Chicago's southside.

This all depends on the location of the property, access to utilities and the surrounding area.The first step is to determine the highest and best use of the property based on the surrounding demographics and property types.Once you determine the highest and best use you then need to put the project package together including plan specifications cost estimates etc. a complete deal deck before you start shopping lenders.

After this was done we put down 14mm plastic under the house as a moisture barrier.We dug a French drain around the front of the house back to the creek to help with any moisture issues under the house.While we were under the house we also replaced all the plumbing with brand new pipes.Both bathrooms have been completely renovated with the master getting a full custom tile shower and the other bathroom getting a soaker tub with custom tile surround.

Based on watching prices in Madison and surroundings for the past 2 years, I think it's worth $90-100,000.

Mixed Use (Retail / Residential) is actually the ideal product we would like to build, and based on the surrounding, I believe is the best choice for the land.