This would be specifically for a 3-unit in the Bronzeville neighborhood on the south side.

A property in my neighborhood came up for auction on the city’s listing.

Is this in a bad neighborhood? 

Identifying the neighborhoods and knowing the neighborhood classes is the trickiest part of out of state investing, however, it doesn't have to be difficult.

Brian, who would you describe the neighborhood?

this is fairly common practice in low income areas Ideally you’d never do this but in some rough neighborhoods where everyone is on assistance it sure can help

@Michael Noto Thanks Michael, yes the neighborhood is definitely average to good.

Nice condition, nice neighborhood.

I would think every neighborhood is different.

In the Results link click on your address where there are various tabs and click on Neighborhood Sales.If you have a hard time with technology, you can always ask friends or family members to help you navigate the web to do some research about property values in your area.If you do find yourself entertaining an offer from an unsolicited investor: Ask to obtain, and keep, a list of the comparable property sales in your neighborhood the investor used to come up with their purchase price offer.Always keep someone else in the loop – your children, good friends, or someone you trust.Always know that you can seek legal advice – in the end, it might be worth the money you spend on a consultation with an attorney.Review the contract closely to see if it is assignable.