As mentioned, the fact that Candyman wears his infamous fur coat makes him look like a pimp. Only he's also affected by belief. While Cabrini Greene's residents would probably imagine him wearing something different, the fact that his legend has spread to the suburbs means that the predominantly white population would imagine him differently. As Anne-Marie said, the residents of Cabrini Greene are used to people imagining the residents in degrading ways.
Beneath his coat, Candyman is essentially a living beehive with his skeleton housing hundreds of bees, referencing how he died. While it makes sense he'd retain his mortal injuries, why are the bees still there? Because bees die after using their stingers. The spirits of that swarm decided to make a new home inside him, and now there's a symbiotic relationship: his body provides sustenance, and in turn they serve as weapons or intimidation when he's not using the hook.
Assuming that the Candyman legend still gets spread even as a joke, can't Candyman still keep coming back after his descendants despite Caroline's best efforts?
At the end of the first film Helen has become a supernatural being who appears anytime someone says her name five times in front of a mirror, just like Candyman. While her first victim was her unfaithful jerk of an husband, Trevor, how do we know she won't kill everyone who says her name?
