Best suburb/city neighborhood to invest in a multi family 2-9 units?

[paytonc]

Are you looking for income, or speculative value? If the former,

Originally Posted by knitgirl

Not sure if 30 year terms are available for that type of property

Conventional commercial mortgages are 5-10 year fixed rate loans, amortized over 30 years. At the end of the 5-10 years, the balance is due as a balloon payment (i.e., you refinance).

For instance, Freddie is also a large syndicator of small apartment building mortgages, and here's their term sheet.

[Genxmom]

Jefferson Park. Stable rental market. Easy access to xpressways, public transit, downtown, ohare, etc. quality renters. Youll pay $400k for a 3-flat but with 20% down after mortgage will net around $15,000-$18,000 per year.

[Fighting Fungus]

Originally Posted by Alacran

Yeah, shoot for Mexican hoods.
Cicero, Little Village, Belmont-C, Hermosa, Maybe Brighton Park, etc

There's always people looking to rent. Try and get families, not gangbangers.

Way cheaper then white neighborhoods, but not as horrible as Black ghettos.

And sorry, I don't know how else to word it.

Hope it doesn't sound racist or anything.

For positive cash flow and appreciation Hispanic neighborhoods is better to invest in. Wicker park, buck town, Logan square and humboldt park were Hispanic. There is always that chance for big appreciation in a place like little village.