Purchasing my parents 3-Unit

[Capricia Almanzar]

So my parents own a 3-Unit property in Chicago, IL in the Logan Square area.

They purchased it for $195K in the early 90s, but now per appraisal it’s worth $897K (without renovations)

I want to purchase this but I don’t have $897K plus renovations it needs.

Could I secure a loan to make this happen ? Do such things exist?

Before I forget, each unit is a 3 bedroom, 1 bath with an enclosed porch + building comes with a 2-car garage.

OR

Do I wholesale this?