• Market Overview

אוכלוסיית מטרו:

9.5M

הכנסה ביתית חציונית:

$63,000

שיעור אבטלה:

5.40%

חציון מחיר הבית:

$128,000

חציון דמי שכירות חודשי:

$1,500

Located in northeastern Illinois on the southwestern shores of Lake Michigan, Chicago is the third-most populous city in the United States and the fifth-most populous city in North America. Although the city has been called by many nicknames, it is most widely known as the Windy City.

More To Love About Chicago:

  • Chicago has the third-largest gross metropolitan product in the United States—about $737.3 billion according to Statista’s 2019 estimates. The city has also been rated as having the most balanced economy in the United States, due to its high level of diversification
  • According to World Business Chicago, the Chicago metro is also home to more than 400 major corporate headquarters, including 31 Fortune 500 HQs and 300 corporate R&D facilities. Some of the most well known Chicago HQs are Walgreens, Boeing, and Sears Holdings Corp.
  • R&D facilities. Some of the most well known Chicago HQs are Walgreens, Boeing, and Sears Holdings Corp.
  • Today, the Windy City is recognized as the fourth-most important business center in the world (according to the MasterCard Worldwide Centers of Commerce Index).

מדוע להשקיע כאן?

Chicago real estate has recently been rated as one of the most undervalued markets in the world. While over the years Chicago has lost a small portion of its population, the city's world-class skyline is cluttered with over 60 cranes atop new skyscrapers being erected. There is certainly a building boom taking place there, creating an incredible amount of commerce and positively affecting the real estate market. There has never been a better time to purchase real estate in the Windy City than right now!

Chicago Trends & Statistics 2018-2019

With higher real estate prices and lower-than-average job and population growth, the Windy City may not seem like a “good” place to invest in real estate. That being said, it is one of the few cities in the nation where housing prices still haven’t risen above their 2006 levels. When focusing on finding the highest capital growth and cash flow, you’ll find some Chicago neighborhoods offer homes at $108,000-$130,000 with rents at 1.17% of the purchase price every month.

All of this is good news for investors looking for under market value properties, with tremendous monthly cash flow, and poised for steady appreciation. Explore Chicago’s housing market, population, and employment trends in the next tabs to learn more.


 

Data Sources:

  • https://www.zillow.com/chicago-naperville-elgin-metro-il_r394463/home-values/
  • Real Wealth Network Affiliate Data
  • https://factfinder.census.gov/
  • https://www.deptofnumbers.com/employment/illinois/chicago/    

Chicago Real Estate Prices are Still Affordable

  • In January 2018 the median purchase price of 3 bedroom single family homes in the Chicago metro area was $196,000.
  • This is 3% less than the national average of $202,000 for 3 bedroom homes.
  • In the neighborhoods where RWN members invest, the median purchase price was only $128,000 in January 2018, which is 37% more affordable than the national average.
  • This shows us that real estate in Chicago is still more affordable than many other areas in the United States today. In the neighborhoods where Real Wealth Network members are investing property values are even more affordable.

Chicago Rental Income is Strong

  • In January 2018 the median monthly rent 3 bedroom homes in Chicago was $1,542, which is 0.79% of the purchase price of $202,000. This is higher than the national purchase-to-rent ratio of 0.74%.
  • In the neighborhoods where RWN members invest 3 bedroom homes rent for a median $1,479 per month, which is 1.17% of the $128,000 median purchase price.
  • This shows us that Chicago offers investors a strong opportunity to generate cash flow at a significantly higher rent-to-purchase ratio than many cities across the nation today.

 

Chicago Offers Steady Equity Growth Potential

  • In January 2012 median price of 3 bedroom homes in Chicago was $149,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Chicago have appreciated by just under 24%. During the same period, 3 bedroom home values appreciated by 41% nationwide.
  • This shows us that Chicago home prices have been rising more slowly than other U.S. cities, but what’s important is that they have been increasing. This is a good indicator that Chicago’s real estate market is more stable than quickly appreciating/ depreciating markets.

Chicago Rents Have Been Rising Consistently

  • Over the last 6 years (Jan 2012 to Jan 2018), the median monthly rent for 3 bedroom homes in Chicago has increased by 12%. During the same period, rents for 3 bedroom homes increased by 17% nationally.
  • Although Chicago rents have risen more slowly than other U.S. cities over the last 6 years, they have increased substantially. This is a good sign that Chicago offers investors a good opportunity to make more passive monthly income over the next few years.

Chicago is Not Experiencing Significant Population Growth

  • Between 2010 and 2017, Chicago’s population increased by 0.65%. During the same period the national population grew by 5.29%.
  • This shows us that Chicago’s growth is declining — in fact, growth is declining in the entire state of Illinois.  According to U.S. census data, Illinois lost more residents than any other state in 2016, for the third year in a row. The state’s population is now at the lowest it has been in nearly a decade.
  • The Chicago Tribune recently surveyed dozens of former Illinois residents, who have left the area within the last five years. They all offered their own list of reasons for doing so. At the top of the list were high taxes, the state budget stalemate, crime, the unemployment rate and the weather.

Chicago Job Creation is Lower Than Other U.S. Cities

  • In the past year, Chicago added 31,400 new jobs to their economy – an annual growth rate of 0.67%. This is 61% below the U.S. annual job growth rate of 1.73%.
  • According to Michael Lucci, vice president of policy at the right-leaning Illinois Policy Institute, neighboring states offer stronger job and business opportunities than Illinois today. This is especially true for younger, working-age adults, who make up some of the largest groups leaving the state.

Chicago is Still Affordable

  • In the Chicago neighborhoods where RWN members invest, the median purchase price was only $128,000 in January 2018, which is 37% more affordable than the national average.
  • This shows us that real estate in Chicago is still more affordable than many other areas in the United States today. In the neighborhoods where Real Wealth Network members are investing property values are even more affordable.

Chicago Rents are Strong

  • In the neighborhoods where RWN members invest, 3 bedroom homes rent for a median $1,479 per month, which is 1.17% of the $128,000 median purchase price. This is 64% higher than the national average.
  • This shows us that, in some Chicago neighborhoods, there is a strong opportunity to generate cash flow at a significantly higher rent-to-purchase ratio than many cities across the nation today.

Chicago Offers Some Equity Growth Potential

  • Over the last 6 years (Jan 2012 to Jan 2018) the median price of 3 bedroom homes in Chicago has appreciated by 24% (compared to 41% nationally) and rents have increased by 12% (compared to 17% nationally).
  • This shows us that Chicago home prices and rents have been appreciating more slowly than many other U.S. cities. They have been rising, however, which is a good indicator that Chicago’s real estate market is more stable than quickly appreciating/ depreciating markets.

Chicago is Not Growing as Much as Other U.S. Cities

  • Between 2010 and 2017, Chicago’s population increased by 0.65%. During the same period the national population grew by 5.29%.
  • In the past year Chicago added 31,400 new jobs to their economy – an annual growth rate of 0.67%. This is 61% below the U.S. annual job growth rate of 1.73%.
  • Major Employers
  • News
  • "#5 Best City to Buy a Rental Property" – Business Insider
  • "Ranked #12 Best City for First Time Homebuyers" – Business Insider
  • "What Makes Chicago One of the Best Places to Live" – CBS Chicago
  • "#10 Most High-Tech City in the World" – Fortune
  • Learning Resources
חברים יקרים - הציגו עצמכם כאן בתגובות לקהילה הנדל״נית שלנו. אנא רישמו בתגובות כא...
חדשות נדל"ן מישראל
חבר אנונימי בפורום

חברים יקרים – הציגו עצמכם כאן בתגובות לקהילה הנדל״נית שלנו. אנא רישמו בתגובות כא…

חברים יקרים – הציגו עצמכם כאן בתגובות לקהילה הנדל״נית שלנו. אנא רישמו בתגובות כאן כרטיסי ביקור, התמחויות ומי זה מי בפחות משבוע הצטרפו אלפים ואנחנו בדרך הנכונה… הקישור המקורי לפוסט בפייסבוק

Read More »
מיוחד לקבוצת הנדלן של ישראל:                      -דרושים- המשרות הפתוחות בענף ה...
חדשות נדל"ן מישראל
חבר אנונימי בפורום

מיוחד לקבוצת הנדלן של ישראל: -דרושים- המשרות הפתוחות בענף ה…

מיוחד לקבוצת הנדלן של ישראל: ⭕️-דרושים-⭕️ המשרות הפתוחות בענף הנדל"ן והיזמות ??? אם גם לכם יש מה להציע בתחום התעסוקה או לחפש עבודה אנא ציינו בתגובות למטה (בשרשור)… קישור לפוסט המקורי בפייסבוק – עובד במחשב שולחני (לצפייה בפוסט יש להיות חברים שאושרו לפורום)

Read More »
  • Property Teams

הידוע בעיקר בזכות הפיאסטה הבלונית השנתית שלה וכמסגרת המופע להופעה של AMC "שוברים רע", אלבוקרקי, ניו מקסיקו, הוא אזור מטרופולין עשיר בתרבות ויפה באופן טבעי. אלבוקרקי היא גם אחת הערים הגדולות בדרום-מערב העיר, עם אוכלוסייה מגוונת וכמה ממפעלי המחקר ההיי-טק המובילים במדינה, כולל מעבדות סנדיה הלאומית, אינטל ואוניברסיטת ניו מקסיקו. במקביל, המסורות התרבותיות שלה ממשיכות להיות חלק מהותי מחיי היומיום בעיר. עם רגל אחת בעבר, רגל אחת בהווה ושתי העיניים לעתיד, אלבוקרקי הוא מקום מרתק לבקר בו ומקום טוב עוד יותר להתקשר אליו הביתה. (מקור: (https://www.visitalbuquerque.org/about-abq/history/)

האם כבר קיימת מושב אסטרטגיה? בקר בפורטל המשקיעים

  • Sample Properties

Does a strategy session already exist? Visit the Investor Portal

  • Member Relations

Lior Lustig

Lior Lustig Chief Executive - The Realestate Investor Forum

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.

The Real Estate Investor Forum, LLC is an educational company and is not acting as a real estate broker. Always seek the services of licensed third party appraisers and inspectors to verify the value and condition of any property you intend to purchase. Never send funds directly to a seller but instead, use the services of professional title and escrow companies.

 

 

Check in with The Real Estate Investor Forum before purchasing property to verify that affiliates and markets have not changed in quality or performance. The Real Estate Investor Forum does not provide legal, tax, accounting, or other professional advice. Nothing on this website email is intended to form a contract or binding legal commitment. ©2019 ForumNadlanUSA.com - All rights reserved

צור קשר

אנחנו לא בסביבה כרגע. אבל אתה יכול לשלוח לנו דוא"ל ואנו נחזור אליך, בהקדם האפשרי.

Sending

כניסה לאתר עם שם משתמש או מדיה חברתית

או    

Forgot your details?

יצירת חשבון

X
X