East Garfield Park Area! Should I sell! sell! sell! or hold!
I own a property in East Garfield Park just around the corner from the Basilica at 3121 W Jackson Blvd. A two unit brick row house. Do you think it would make financial sense to keep it for a couple more years when properties appreciate or are properties not going to appreciate that much in this area?
Answers (1)
FIRST ANSWER
Not unless there is new development planned or retail - that area is quite depressed.
I'd say for at least five-ten years for any possible investor buildout there.
The only plus is that it is so close to the Loop - it will eventually be developed but not in two years. Follow the retail and you will find successful developments.
Web Reference: http://www.ehousehuntonline.com
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