If you’re looking to buy an investment home at auction in the Chicago area, you are not the only one. The beauty of Chicago can be found in its spectacular skyline views and unique activities. It’s no wonder that Chicago is popular with investors looking for investment properties.
No matter where you’re looking to invest, affordability and safety are typically a major priority. Here’s a list of up-and-coming neighborhoods in Chicago you should consider for your next investment property.
Avondale
Adjacent to the red-hot Logan Square and Roscoe Village neighborhoods on the Northwest Side, Avondale is one of the safest neighborhoods in Chicago according to the Chicago Tribune. It’s also less than five minutes away from Logan Square’s trendy restaurants and cocktail bars. Depending on traffic, Avondale is also about a 10-minute drive from Wrigley Field, home of the Chicago Cubs. Public transportation is plentiful and includes bus routes 68-Higgins, 77-Belmont and 152-Addison as well as the Blue Line elevated train at the Belmont stop.
Edison Park
This neighborhood feels like a city within a city. Family-owned restaurants, shops, bars and other businesses are thriving in the area and as a bonus, it’s just a short drive to O’Hare Airport. Schools like Edison Park Elementary and Ebinger Elementary are high-performing and according to the Chicago Tribune, the neighborhood boasts the lowest crime rate in Chicago. Public transportation in Edison Park includes the Blue Line with the Jefferson Park stop and 68-Higgins bus.
Dunning
This neighborhood is tied for 74th among Chicago’s 77 neighborhoods in terms of crimes per capita, the Chicago Tribune reports, so safety is clearly one of Dunning’s assets along with its reputation for being both walkable and affordable. The Schorsch Village — best known for distinct bungalows, English Tudors and ranch-style homes — is the heart of the area, and the 152-Addison bus is the most popular mode of public transportation.
West Elsdon
This neighborhood’s close proximity to Midway Airport is certainly attractive to flight attendants, pilots and TSA employees who can walk to work. West Elsdon is a relatively safe neighborhood that’s home to a diverse population. With the airport as its major attraction, there are many hotels, fast-casual restaurants and big box stores in the neighborhood. The Orange Line elevated train and 53-Pulaski bus run through the neighborhood.
If you’re on the hunt for your next investment property in Chicago, visit Hubzu to find opportunities in or around one of these up-and-coming neighborhoods. Click here to start your search.
