We should all understand that the rebuilding of the city's south side is going to happen whether or not

Asked by Whyte House Properties, Chicago, IL Fri Jan 18, 2008

Chicago will actually win the summer 2016 Olympic Bid. Question??? When do you invest? What type of properties? single families? multi units??
are there any alternative areas besides the hot spots that would be good investments?

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Wayne Beals, Agent, Chicago, IL
Mon Jul 7, 2008
I've worked in Chicago's Hyde Park Community for years. I agree that the Olympic Bid will certainly help the redevelopment, but it's likely coming with or without it.

There are many areas in the south side to consider, my favorite being South Shore. Great building stock, transportation lines, and lakefront. Not to mention Jackson Park, well established Hyde Park as a neighbor, South Shore Drive, and a thriving small business district.

As far as what to buy....

It's more a question of how to carry. If your buying a property which will serve as a primary residence, then buy what you want to live in and can afford.

Investments, whether single family or multi-unit, should be looked at in terms of carrying cost vs property income, factoring in reinvestment.

Feel free to contact me if you're looking for an agent. Otherwise, best of luck. You're shopping in a great area.
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