"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 will look at each of them. The first is:
The southern end of Humboldt Park (census tract 23) is written up on the city's official site at http://www.chicagoneighborhoods.cc/neighborhoods/garfield.html
The Encyclopedia of Chicago, compiled by the Chicago Historical Society, has an article on it:
"Chicago's Humboldt Park community, on the city's Northwest Side, centers on the 207-acre park named for the naturalist Alexander von Humboldt in 1869. ..."
See more at http://www.encyclopedia.chicagohistory.org/pages/617.html
Learn more about homes in this neighborhood and others at the home page of http://www.chicagoland2to4flats.info/!!!
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