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Ouch. I’m getting 8-10% in Texas.
I have nothing valuable to offer you besides that 😬
If you are looking for better cap rates, check out other areas. You could prob get a building for the price of a condo in some up and coming area and get a nice cap rate if you’re willing to do that
Green zone? Wow this reminds me of Iraq. Yeah it’s getting harder to find good cap rates. Taxes are really high now. But it shouldnt be that tough to get a 5 cap. Seriously? Look in older buildings in streeterville, up and down the lake.. or walk ups in wicker/lincoln. Remember in Chicago you will prob get little to almost no appreciation, so you want to get some cash flow on your place. Or at least break even.