How To Evaluate The Potential Of A Rental Real Estate Investment

A rental real estate investment can be a great way to build your personal wealth, and may be a good option for you, especially if you are uneasy about investing in the stock market, or just want to diversify your investment portfolio.

With a rental property, someone else pays your mortgage, and over time your equity grows. You can eventually own a physical piece of property outright that also produces income.

Search available multi-family investment properties in Chicago

Before you decide to invest in a rental property you should calculate the return on your investment to see if the deal is worth making. What return is reasonable to expect on your money? What do you need to earn in order for the investment to be worthwhile?

Ten years ago there were 3X more homes for sale in Chicago!

How has the real estate market in Chicago changed over the past ten years?

Some statistics have changed dramatically, but surprisingly, some factors are very close to where they were 10 years ago.

The most dramatic change in the market has been the inventory of homes for sale. In January of 2008 there were over 15,000 single-family attached homes and over 8,000 single-family detached homes for sale in Chicago. In September 2018 homes for sale hovered at around 6,000 and 4,000, respectively, a downward trend that has become the 'new normal' since 2009.

Enter the Thanksgiving Raffle Before November 15!

Getting ready for Thanksgiving dinner?  Be sure to enter the Thanksgiving Raffle at the Edgebrook and Edison Park Happy Foods stores before November 15!