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Old 03-08-2017, 12:41 PM
 
748 posts, read 832,986 times
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Quote:
Originally Posted by RJA29 View Post
Can you still get a turn-key, 4BD/3BA within walking distance of the train (.5-.75 mi) for under 500K? Even core Wheaton is becoming rather pricey.
OK - actually it looks like you can:

https://www.zillow.com/homedetails/4.../4445020_zpid/

https://www.zillow.com/homedetails/5.../4445057_zpid/
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Old 03-11-2017, 06:47 PM
 
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Home prices in the Chicago area have actually lagged the national market. Of course in specific areas it may vary. For example right next to the 606.
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Old 03-13-2017, 08:50 AM
 
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If you are investing in rental property its a whole different ball game rather than a single family house. Rental properties are hard to find in the upscale communities as most people live in single family homes. It does not make a lot of sense to me to become an investor in rental property for those, its better to invest in two or three flats in modest areas where there are more working class people that have to rent, and where the buildings are largely suited for the rental market. For example in Wheaton there are some apartment buildings but many of them are quite expensive. Some of them cater to Wheaton college students. So not a great thing to get involved in in my opinion. I'd look in the older suburbs that are safe and I'd buy a two or three flat because you pay property taxes and you will be collecting multiple rents which will help the numbers work better.
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