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Humboldt Park : Real Estate Advice

  • All35
  • Local Info2
  • Home Buying11
  • Home Selling0
  • Market Conditions3

Activity 22
Thu Feb 5, 2015
Caleb Hart answered:
It's interesting that there are solar cell shingles out there. I feel like that would really help you conserve electricity. How many cells do you need in order to collect enough energy? I'm really curious about this. http://www.gbsroofing.com ... more
0 votes 8 answers Share Flag
Fri Dec 5, 2014
Dave A Lde Gante answered:
I'M NOT SURE STILL THERE, BUT I'L SEE TOMORROW AND TAKE A PICTURE
0 votes 7 answers Share Flag
Fri Mar 7, 2014
Bill J Deligiannis answered:
Work with a Realtor to have access to accurate and reliable info
0 votes 9 answers Share Flag
Thu Dec 5, 2013
Matt Hoyt answered:
Chicago ave and damen is close to humboldt park. You will find major grocery and bank. Movie theatre at western and Fullerton. Head east on north ave or division for major entertainment and shopping ... more
0 votes 11 answers Share Flag
Thu Dec 5, 2013
Seth Captain answered:
Rumor has it that the city will be selling off parts of the actual park in Humboldt Park for development. You should wait and buy a lot there.
0 votes 12 answers Share Flag
Fri Nov 29, 2013
John Meyers answered:
Yes, all of Chicago has seen a 5 to 10% increase in value over the last 12 months.

Right now, we are at about 2003 prices. It may be a while before we see 2006 prices but values are increasing on a nice, steady pace.

If you would like some help, just give me a call at 847-533-7115.

Thanks,
John Meyers, Meyers Realty
c: 847-533-7115
e: JohnMeyers@MeyersRealty1.com
... more
0 votes 11 answers Share Flag
Mon Nov 18, 2013
Daniel Mirea answered:
Tue Nov 12, 2013
Lee Cherney answered:
I believe that Humboldt Park is a good neighborhood to invest in - but you must understand what your "big picture" plan is. The numbers will probably work as far as rental income and carrying cost. But you really should have a plan to understand how long you want to own the property, and set your expectations. I have watched this area go up during the market boom and then come crashing down during the market decline. Having a proper plan, and understanding the neighborhood and the numbers will help you to make the right decision. ... more
0 votes 9 answers Share Flag
Mon Oct 21, 2013
Amanda Christiansen answered:
Sounds like there are good exterior pics, but no interiors. These types of listings always scare me. It makes me think that the agent and the seller are trying to hide something. Good luck! ... more
0 votes 15 answers Share Flag
Thu Sep 12, 2013
Bill J Deligiannis answered:
In Chicago a landlord cannot deny you based solely on your Sec 8 voucher.
0 votes 2 answers Share Flag
Thu Sep 12, 2013
Bill J Deligiannis answered:
1st come to terms with the landlord and then the property has to be inspected by Sec 8.
0 votes 5 answers Share Flag
Sun Mar 17, 2013
Riccardo Wardlow answered:
Generally, there aren't many loans that have a pre payment penalty anymore. Very Rare. If loan is sold to Fannie or Freddie (in Illinois anyway), there cannot be a PPP on a conforming residential loan.

Sean Cochran
Quality Mortgage Lending
www.qmlending.com
630-470-6830 office
630-330-2229 cell
... more
1 vote 9 answers Share Flag
Thu Dec 20, 2012
Darrell Hess answered:
Get in touch with the agents listing them, search for them online, check your local newspaper, and contact the managers handling the tapes are all ways of finding the information you seek. The best way in my opinion is hiring a real estate consultant to do it for you. ... more
0 votes 14 answers Share Flag
Fri Oct 26, 2012
Landkitty answered:
I saw in Trulia's crimes report, it says some neighborhood has lots of: Larceny, vandalism, burglary, theft of lawn care equipments or other personal electronic items, accident to property like a car drove into a house/store/restaurant/business/govement building/warehouse, graffity, hardwood floor being scratch damaged so bad by moving furnitures; broken pipe burst due to no heat in house; copper pipe or wires in house being cut to sell,...etc...

So, if any one see any of these problems in your own home or in your neighborhood, please let me know, I can try to find money to help you repair/replace missing/damage/broken items in your home. Text me Cell: 773-416-4665.

Have a great day!
... more
0 votes 12 answers Share Flag
Sun Sep 23, 2012
Ryan green answered:
No I'm and Chicago and I need help if anybody no somebody can y'all please give them my number 3129750877
0 votes 10 answers Share Flag
Mon Aug 20, 2012
Trulia Chicago answered:
Hey Dan-

Take a look at the Trulia Crime Map: http://www.trulia.com/real_estate/Chicago-Illinois/crime/

You can see exactly what kinds of crimes are happening where!

Let us know if you have additional questions, happy to be a resource for you.

Trulia Team
... more
1 vote 6 answers Share Flag
Mon May 14, 2012
Seth Captain answered:
I have worked throughout Humboldt Park for many years, especially with multi-units, and some of the prices in this pocket of Humboldt Park are borderline absurd, meaning investor heaven.

I have prioritized my Chicago real estate with owner occupants of buildings but I realized that investors, good ones, were coming in and actually fixing up buildings and putting in nice rentals. The alternative is boarded up blights that bring down the neighborhood.

So...you are asking about an area where there are certain 2 units going for $50k and $60k dollars. With average work of $30k, you can have a functioning two units for $80k. Although you'll have to beat out cash buyers usually. Think about it, you can own a property and either live it in rent-free or make anywhere from $700 to $1500 monthly (depending on section 8 rentals and number of bedrooms) after taxes, insurance and mortgage payment!!

"Uprising" in terms of new development may not be realistic. But...

In terms of return on investment (ROI, cap rate) in a solid neighborhood, this is one of the hottest rental investment areas in Chicago right now, more specifically, Division to Armitage.
... more
0 votes 3 answers Share Flag
Thu Feb 16, 2012
Seth Captain answered:
West Bucktown is the greatest Real Estate invented name of the last ten years. Walk back and forth across Western at Wabansia to understand why.

Humboldt Heights is second.

And I"m going to nominate West Hyde Park for number three. ... more
0 votes 17 answers Share Flag
Sun Feb 20, 2011
Jaysen Kenney answered:
well, with FHA you may have little or no closing costs vs a conventional.
How long will you be in the home?
There's quite a few side-by-side comparisons for FHA and Conventional loans.
6.125% is pretty good. to effectively pay it down, see if you can pay in bi-weekly payment and the lender apply it right away to reduce the nominal interest.
... more
0 votes 8 answers Share Flag
Fri Sep 10, 2010
ANDREW OLLICK answered:
You would refinance both into one loan given that they don't exceed 125%.
There's this new program I've heard about that government is discussing where lenders would agree to forgive at least 10% for the underwater borrowers, including seconds just letting go of the debt. You should check that out too.

Elena Ollick
Amerivest Realty
Faith Home Loans
239-206-4500
eo@oceanhomesrealty.com
www.andrewollick.com/realestateblog
... more
0 votes 4 answers Share Flag
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