type of property, reason for investing in it ..... Is your investor looking to buy, rehab and sell?
or is your investor interested in a long time rental property. Both are available in the Irving Park area,
but how much return, truly can only be established if and when a particular property can be looked at.
How much upgrade work does the property need, how many units, location, size of units, parking available, in unit washer and dryers etc. and how much for the size and location and upgrades could the rent be. Then all potential numbers can be put together ......
The rental market in general in the Chicago Area is very active.... so it truly depends on what your
investor is looking at, and how much money he has to invest.
Hope this helps...
Most Sincerely yours,
Edith YourRealtor4Life and your Chicago and Northern Illinois and RElocation Expert
Working always in the very BEST interest of her clients at @Properties North Shore
Edith speaks French, German, Spanish & more
Get to know Edith and her Service her website is
Irving Park is a great area. Over the years it has been one of the more stable areas. Working with a Broker that knows how to run an excellent Comparable Market Analysis will place your investor exactly where they want to be. Also if your investor is lucky enough they might be able to pick up a good deal. But when these come up be ready to move!
Best of luck,
Manuel Brown, Broker
Most investors are looking for a cap rate of 7% plus.. 8% to 10% seem to be the sweet spot for most.
Sohail A. Salahuddin | Group Founder
Innovative Property Consultants Group | Sales and Leasing
Jameson Sothebyâ€™s International Realty
425 W. North Ave. | Chicago, IL 60610 â€¨
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