A new analysis shows that Chicago is the top real estate market for investors in the entire country.
Chicago's cap rate, a shorthand measure for the expected return on real estate investment, has risen 18.3 percent, 3 points more than any other market in the study by investment and management firm HomeUnion. The study also noted that the city's median single family home price of $128,000 makes the city the most promising investment market in the United States.
The city was followed by Greenville, S.C. and Birmingham, AL, both of which have significantly lower prices and rental rates. Chicago was the largest city in the top 15 metro areas for investors and beat out all the major southern markets.
Read more at Chicago Agent Magazine here.