Investing in real estate in Chicago.
URB Chicago provides great opportunities when investing in real estate in Chicago. With a variety of architectural styles such as red-brick Chicago bungalows for sale and 2-flat wood frame houses for sale to fixer upper multi-family apartment buildings at wholesale prices Chicago has a wealth of investment properties. Few areas of Chicago better display fixer upper investment properties more than Chciago’s South Side neighborhoods.
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Here are three emerging South Side neighborhoods worth investing in real estate in Chicago, IL.
Austin
Often lost among other Southside neighborhoods when investing in real estate in Chicago, Austin has a distinct future bolstered by development projects near the $60-million development of the abandoned Galewood rail yard which has been turned into an industrial park. Austin has a nice mix of multi-unit properties as well as single family homes dating back to Chicago housing booms of the 1800s, 1920s, and 1950s. That means a lot of real estate opportunity and variety. Additionally, Austin has transitioned from a low-cost Chicago neighborhood to a moderate-cost neighborhood overnight. This real estate stabilization is due to proximity to rapid transit and proposed future development. Both of which are perfect when investing in real estate in Chicago.
Woodlawn
Much like Austin, the southside neighborhood of Woodlawn is a lesser known neighborhood for investing in real estate in Chicago. While rapid transit and Cook County proposed development in Woodlawn make this a good investment, so does proximity to some of Chicago’s best locations. Woodlawn borders Jackson Park which helps to maintain a thriving atmosphere as it is slated for urban renewal projects from industrial and small businesses growing near Lake Michigan. With a wealth of rental units for sale and fixer uppers for sale, Woodlawn is a Southside neighborhood where you can still get distressed property at wholesale prices. In fact, with nearly 40,000 renters in Chicago making over $150,000 a year rehabbing rental real estate in Woodlawn could be one of the best bargains you’ll find.
Lawndale
From the 1980s to the early 2000s Lawndale suffered from large population displacement, so it is not surprising that you may be shocked to see Lawndale on a list of Southside neighborhoods for investing in real estate in Chicago. However, like Austin and Woodlawn, Lawndale is among previously low-cost neighborhoods that have stabilized in housing prices and are now considered moderate-priced. This is important for several reasons. Foremost is that real estate interest in Lawndale has grown due to the preservation of Chicago area Greystones in an initiative called, “The Historic Chicago Greystone Initiative.” This has sparked revitalization and interest in Lawndale making it a top Southside neighborhood for investing in real estate in Chicago.
URB Chicago is a go-to source for rehabbers flipping houses for profit and companies investing in real estate in Chicago. We provide owner financing for real estate that can be purchased with low money down and affordable monthly payments. If you are interested in investing in real estate in Chicago, contact URB Chicago today.