Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Humboldt Park : Real Estate Advice

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

Activity 11
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
Mon Nov 18, 2013
Daniel Mirea answered:
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:
1st come to terms with the landlord and then the property has to be inspected by Sec 8.
0 votes 5 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
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
Thu May 6, 2010
Javier Salgado answered:
first do you an agent that you are working with as of now ?? if you are he-she should be setting that appointment to view the property , if that is the property that you like and would like to make an offer then the agent will write up contract based on your offer, if you are not currently working with an agent I can help you with this issue ? call me or email me only if you are not working with an agent !!!
hope this help good luck

Javier Salgado
exit realty advantage
708-404-5250
... more
0 votes 5 answers Share Flag
Thu Apr 24, 2008
Ken Dooley answered:
In adition to the answers below, don't confuse "zoning certificate" with the actual "zoning" of the lot. Many people assume that the zoing cert refers to RS3 when in reality they're totally separate. A parcel's zoning tells you what can be built and the zoning cert tells you how many legal units a building has.

Goood Luck, Ken.
... more
0 votes 5 answers Share Flag
Search Advice
Search

Followers

909