Anyone able to get 5% cap rates on condos/townhouses in Chicago? I am looking for the green zone area, but still cannot find anything in this range...Unsure if I should wait until 2020 or bite 4.5%

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Ouch. I’m getting 8-10% in Texas.

I have nothing valuable to offer you besides that 😬

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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

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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.

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