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Old 06-16-2015, 04:30 PM
 
1,231 posts, read 1,325,826 times
Reputation: 369

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I found a house that seems like a really good investment opportunity. Cost wise, paying for the house and fixing it up is definitley possible for me. It's about a few minute walk from downtown and the metra station. It's also within walking distance to a highly rated elementary school. The only thing is that it's across the street from the train tracks. It's different than having the train tracks in your backyard, so maybe having them across the street isn't so bad. Do you think I should consider buying the house?
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Old 06-16-2015, 11:33 PM
 
Location: Chicago. Kind of.
2,894 posts, read 1,498,827 times
Reputation: 7893
In my humble opinion, I'd consider it EXCELLENT! Keeping in mind that I'm a renter and know absolutely nothing about proerty values and such, I think the other things you have going for itit make it sound ideal - especially from a renter's point of view. In fact, depending on the location and your timetable, I am looking for a place and would LOVE this! I also used to live right next to train tracks as well - it takes maybe a week to get used to it, then the noise barely even registers anymore. In fact, it used to help me get to sleep. Want a tennant?
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Old 06-17-2015, 08:07 AM
 
Location: Oak Park, IL
5,520 posts, read 11,978,819 times
Reputation: 3820
Quote:
Originally Posted by 4122 View Post
I found a house that seems like a really good investment opportunity. Cost wise, paying for the house and fixing it up is definitley possible for me. It's about a few minute walk from downtown and the metra station. It's also within walking distance to a highly rated elementary school. The only thing is that it's across the street from the train tracks. It's different than having the train tracks in your backyard, so maybe having them across the street isn't so bad. Do you think I should consider buying the house?
Is there any freight train traffic in addition to Metra trains? This will make a huge difference in terms of frequency and noise pollution.
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Old 06-17-2015, 10:15 AM
 
1,231 posts, read 1,325,826 times
Reputation: 369
Quote:
Originally Posted by oakparkdude View Post
Is there any freight train traffic in addition to Metra trains? This will make a huge difference in terms of frequency and noise pollution.
Not sure. It's by the UP-N line. I looked at the house yesterday and realized I didn't like it. It's overpriced for the work it needs.
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