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Old 02-06-2016, 05:47 PM
 
367 posts, read 389,298 times
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Looking to invest in a 3 flat in one of these two neighborhoods.

Which neighborhood would you invest in?

Which neighborhood offers better long term values?
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Old 02-06-2016, 06:20 PM
 
Location: Upper West Side, Manhattan, NYC
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I wouldn't invest in either right now unless you want to hold onto the property for a few decades and hope for the best. EGP is probably better than the other for possible investment, but that's not saying a lot. There's better places to buy in the city even for cheap-ish that may allow you to see gains in a decade. Neither one of these areas are that.
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Old 02-06-2016, 07:10 PM
 
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Quote:
Originally Posted by marothisu View Post
I wouldn't invest in either right now unless you want to hold onto the property for a few decades and hope for the best. EGP is probably better than the other for possible investment, but that's not saying a lot. There's better places to buy in the city even for cheap-ish that may allow you to see gains in a decade. Neither one of these areas are that.

Recommend some areas please
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Old 02-06-2016, 07:52 PM
 
Location: Upper West Side, Manhattan, NYC
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Originally Posted by Fighting Fungus View Post
Recommend some areas please
Well that depends on your price range and how long you're willing to sit on a property?
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Old 02-06-2016, 08:35 PM
 
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Originally Posted by marothisu View Post
Well that depends on your price range and how long you're willing to sit on a property?
10 years under 240K
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Old 02-06-2016, 10:52 PM
 
Location: Upper West Side, Manhattan, NYC
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Originally Posted by Fighting Fungus View Post
10 years under 240K
So you want to buy a 3 flat in Chicago for under $240K, and make money in 10 years after sitting on it?
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Old 02-07-2016, 12:41 AM
 
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Yes
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Old 02-07-2016, 01:25 AM
 
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I would follow gentrification patterns in the city. It's slowly moving west of Ukrainian Village into the east end of Humboldt Park.
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Old 02-07-2016, 02:10 AM
 
367 posts, read 389,298 times
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Originally Posted by theuptowner1992 View Post
I would follow gentrification patterns in the city. It's slowly moving west of Ukrainian Village into the east end of Humboldt Park.
East end of humboldt park is very pricey! Won't find a 3 flat for under 240k.
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Old 02-07-2016, 05:54 AM
 
Location: Chicago
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Isn't EHP being gentrified by Whites, causing Puerto Ricans to move further west, into WHP?

You wanna make money.. buy a 3-flat and break it into individual rooms and into a rooming house. Not enough of those in WHP.
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