You will get a lot of responses to your questions here. I own buildings in a few different neighborhoods, Lakeview where I have two and Edgewater where my other properties are. You are not going to find a property at the drop of a hat.
The first thing you need to do is find yourself a good knowlegable agent who knows both the buying process and investment side of the equation. Get your financing all lined up and then focus on the purchase part.
You need to set specific parameters for your investment. How long do you intend to keep it? Are you able to do any upkeep/management yourself? etc....
If you want some advice please call or email me. I will be glad to try and help you.
Many thanks in advance. Be well.
Ian Halpin / Broker
Jameson Sothebyâ€™s International Realty
425 W. North Ave. / Chicago, IL 60610
O: 312.335.3220 / F: 312.229.9190 / C: 773.531.4479
email@example.com | http://www.jamesonsir.com