Apartment building values in Chicago's South Shore neighborhood peaked in 2005-2006 at $55,000/unit. Today these buildings are trading on the low end at $10,000/unit and the high end $30,000/unit. Talk to active South Shore investors and the name of the game is all in for $30,000/unit. You can buy a vacant 
apartment building at $10,000/unit and put $20,000/unit into the building. Or you can buy a brand new apartment building for $30,000/unit. At Building Equity RE, we believe we're bouncing at the bottom of the market with a potential for South Shore values to decline another $5,000/unit. Investors looking to buy apartment buildings in Chicago's South Shore neighborhood can take the plunge now. Be patient while looking for the right deal and look for well managed buildings with a solid tenant base. Make sure collections match rent roll. Call BERE for more details.
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