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Updated over 1 year ago on . Most recent reply

Ivana Racic's profile image
Ivana Racic's profile image
Ivana Racic
  • New to Real Estate
  • Member since May 28, 2023
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Ivana Racic's profile image
Ivana Racic's profile image
Ivana Racic
  • New to Real Estate
  • Member since May 28, 2023
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Ivana Racic
  • New to Real Estate
3
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2
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Starting Out

Buying first multifamily property in Chicago

Ivana Racic
  • New to Real Estate
Posted

Hello, looking to buy my first multifamily property ( 3 flats) in Chicago

What is considered as a good cap rate in the area?

Also, is there any recommendations for the multifamily lenders?

Any tips for beginners ?

Thank you

Chicago, Illinois
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Landon Hoon's profile image
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Landon Hoon
  • Lender
  • from Chicago, IL
  • Member since Jun 5, 2018
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Landon Hoon's profile image
Landon Hoon's profile image
Landon Hoon
  • Lender
  • from Chicago, IL
  • Member since Jun 5, 2018
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Landon Hoon
  • Lender
  • Chicago, IL
52
Votes |
34
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Landon Hoon
  • Lender
  • Chicago, IL
Replied

Hi Ivana! Happy to help answer any question's you have. I financed the most 2-4 units in the greater Chicagoland area last year and a big part to it is our low down payment portfolio options that other lenders do not have access to. Feel free to message me and I would love to help out!

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