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11 Cheap Places to Own A Profitable Vacation Home!

5) Chicago, Illinois

The Windy City is on many people’s must-see big city lists for plenty of reasons. First, the location of the booming metropolis on picturesque Lake Michigan seamlessly blends vibrant hustle-bustle with calming serenity. This combination alone makes Chicago a desirable place to live and visit. Throw in world-class museums and a trendy culinary scene and it’s one of America’s most exciting and sophisticated cities. Chicago isn’t the cheapest place in the U.S. to become a homeowner, but it definitely isn’t the most expensive either. Most importantly, the returns are very favorable. Average homes are around $220,000, but it’s totally possible to find houses in the suburbs for nearly half that! The best part (for property owners) is that rent is quite high with a median of over $1,500/month. Another bonus: the 5-year equity growth rate is expected to increase 18%.

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