Chicago Market Overview

Metro Population:

9.5M

Median Household Income:

$63,000

Median Household Income:

5.40%

Median Home Price*:

$128,000

Median Monthly Rent*:

$1,500

Big Picture Highlights

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.

  • 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).

Why Invest Here?

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!

Trends

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.

Data Sources:

Employers

News

Disclaimer: The information provided on this page is for educational purposes only. Altus IG makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall Altus IG be liable to you or anyone else for damage stemming from the use or misuse of this information.

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Altus Investment Group, LLC. (“Altus Investment ”) is not a registered broker-dealer, investment advisor or crowdfunding portal. Altus Investment Group, LLC does not endorse any of the opportunities that appear on this website, nor does it make any recommendations regarding the appropriateness of particular opportunities for any investor. Altus Investment Group, LLC  (“Altus Investment Group”) is a wholly-owned subsidiary of Altus Investment Group, LLC and a federally registered investment advisor (CRD# 299176). Altus Investment Group, LLC Advisors provides investment advisory services exclusively to privately managed accounts and the Altus Investment Group, LLC Opportunity Zone Portfolio, LLC, and does not otherwise provide investment advisory services to the Altus Investment Group, LLC  Marketplace. For more information, read our Disclosures & Disclaimers and Terms of Use.

This website uses the term “Internal Rate of Return” with respect to both (i) individual realized deals and (ii) all realized deals as of a particular date. With regard to an individual realized deal, the term “Internal Rate of Return” means, with respect to the investors in the realized deal, the discount rate, using cumulative annual compounding, at which the net present value of the total of the investors’ (a) aggregate capital contributions to the issuer of the realized deal and (b) aggregate distributions from the issuer of the realized deal, equals zero, and calculated for each such capital contribution from the date the offering was removed from the Altus Investment Group, LLC Marketplace (the “Marketplace”) and from the date such distribution, as applicable, was made. The calculation of an individual Internal Rate of Return is determined by using the XIRR function of Microsoft Excel. To determine the Internal Rate of Return for all realized deals as of a particular date (with respect to the investors in such realized deals), we calculate the weighted average of each individual realized deal’s Internal Rate of Return based on the aggregate capital contributions provided by investors through the Marketplace. It is important to note that most of the investments on the Marketplace are still in their holding periods. The fully realized deals represent a small portion of total deals on the Marketplace, and it may be more likely for deals that realized early to have experienced a high value exit and for deals that are not performing well to be delayed in their realization. Accordingly, the performance information to date may not be an accurate indicator of overall Marketplace performance. Furthermore, Altus Investment Group, LLC is not responsible for the performance of deals on the Marketplace, and past performance is not indicative of future results. You should not invest unless you can sustain the risk of full loss of capital.