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It's diverse, it's exciting, and it's thriving: it's Chicago.
Recently elected as one of the best US cities to both live and retire in, Chicago seems to have it all.
And guess what? Chicago also boasts a great, dynamic, and profitable real estate market. If you are looking into real estate investing, then the Windy City has got you spoilt for choice.
Read on to discover five of the best Chicago neighborhoods to invest in.
1. Rogers Park
A mere ten miles from Downtown Chicago, Rogers Park is one of the most coveted areas in the city.
Quiet, walkable, and with that unmistakable community feel, Rogers Park is home to beaches, parks, and lots of amenities.
The majority of the architecture in the area is composed of 1930s single-family homes, but you will also find several multi-family apartment blocks.
2. Logan Square
Another very popular Chicago neighborhood is Logan Square, where you'll find the famous Palmer Square Park.
The entire neighborhood, actually, is very leafy and one of the favorite destinations of Millennial Chicagoans.
In terms of architecture, this area hosts original greystone homes and bungalows.
A word of caution, though: prices, here, are quite a bit higher compared to other parts of the city, both in terms of selling and renting.
3. Avondale
In 2017, the notable travel guide Lonely Planet included Avondale in its top 10 neighborhoods to visit across the US.
Since then, Avondale has been experiencing a massive renaissance, which saw gentrification efforts taking place and transforming this former working-class suburb into a very hip area.
As a result, house prices have soared, but with associated high potential for steady and profitable returns.
4. Uptown
This area is located near the beach and has been historically known for its jazz music and chilled lifestyle.
In Uptown, you'll be able to find stunning properties for super-convenient prices.
Be quick, though, as costs are expected to rise in the coming years.
5. West Town
Loved both by Chicagoland residents and visitors, West Town is one of the most sought-after neighborhoods when it comes to settling down.
The area offers great amenities, low crime rates, and is one of the most liveable in the city.
Again, West Town might not be a very cheap option when it comes to real estate investing, but it's certainly worth the extra cash in the long term.
Real Estate Investing in Chicago
If you plan on starting real estate investing in Chicago, then you should consider the five neighborhoods that we described in this article.
Depending on what exactly you are planning to achieve with your investment, you are bound to find at least one great area for you.
Remember that, although house prices are generally continuing to increase, this is a great time to invest, especially in rental properties.
Do you need any expert assistance with your Chicago real estate investment? Contact us today, and our team will be delighted to help you.
