Glad to hear you're going to invest in the best-kept real estate secret for investors in the USA! Chicago has many areas and types of property that provide attractive returns on investment.
My colleague is correct that at a distance it's tough to gauge whether the property you mention would be the proper investment for you. I would highly suggest visiting our city to get a feel for the different markets and discussing your requirements with a broker before purchasing property.
The Chicago Association of REALTORS Global Real Estate and Emerging Markets Forum is a group of local real estate brokers who also practice internationally. These brokers understand foreign investors and do a significant amount of business overseas. They know how to explain the details of investment in U.S. real estate and guide you through a successful transaction.
The Forum hosts a number of trade missions from various parts of the world each year. This year, we've already had visitors from Japan, Thailand, and Canada, among other places. We will receive a large group from Europe at the end of this month. Over the years, we've helped investors from all parts of the globe to understand and invest in Chicago real property.
I'm not only telling you this because I'm a member of this group, but also because I think you'll be best served by one of its members. Take a look at http://www.chicagorealtor.com/displaycommon.cfm?an=1&sub
to view a list of members.
Those who have the CIPS acronym after their name have attained the Certified International Property Specialist designation from the National Association of REALTORS. These brokers have completed a rigorous course of study in international real estate practices and are well prepared to assist you in your property search.
Daniel, Chicago is a large, diverse city with many sub-markets. Each of those markets has advantages and disadvantages for the real estate investor. Visit our city and select a broker who knows the area that interests you most.
The Global Real Estate and Emerging Markets Forum stands ready to assist you. Please contact me should you like more information.
Don Pasek, CIPS, TRC, ADPR
Omniterra Real Properties
+1 (773) 763-7000 - office
+1 (773) 383-3470 - mobile