"Arm-Chair" Investors are those who do NOT want to live in the property they buy (a more precise term for this would be "NON-owner occupied"). The question we ask here is: Where have ‘arm-chair' investors like that been concentrating their investments?
Our work with arm-chair investors has led us to believe that SEVEN Chicago neighborhoods are particularly popular for those buying non-owner occupied, cash-flow property. For instance, Bill Bein, Chicagoland2to4Flats.info's founder, owns property in Grand Crossing (a south side neighborhood)-and he has now helped many different buyers buy in all of these areas.
- The west side neighborhoods are: Humboldt Park (census tract 23), East Garfield Park (census tracts 27), West Garfield Park (census tracts 26) and North Lawndale (census tract 29)
- The south side neighborhoods are: Woodlawn (census tract 42), South Shore (census tract 43) and Greater Grand Crossing (census tract 69).
We have looked at the rest of them in previous posts. In this post we look at the seventh and last one: Greater Grand Crossing (census tract 69).
The Encyclopedia of Chicago, compiled by the Chicago Historical Society, has an article on it:
"As the name implies, Greater Grand Crossing encompasses several neighborhoods: Grand Crossing, Park Manor, Brookline, Brookdale, and Essex. ... The entire area was annexed to Chicago in 1889 as part of Hyde Park Township. ..."
See more at http://www.encyclopedia.chicagohistory.org/pages/1176.html
Learn more about homes in this neighborhood at the home page of http://www.chicagoland2to4flats.info/!!!
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