Failed city inspection- must repairs be done prior to purchasing?

[Kat Malkowski]

Looking to flip (or possibly BRRRR) a property in the Chicagoland suburbs, but it has failed many things on its municipal inspection (really no surprise - it's a highly distressed property). Here is my question to those who have experience in purchasing a property under these conditions - if a city performs an inspection prior to the house being listed and it fails, is an investor able to buy the property prior to repairs being performed with the understanding that these issues must be repaired so it can pass the inspection before selling it to an actual homeowner? Or do all repairs need to be corrected before any sale of the property, even to a flipper? In my case, there are major issues like roof replacement, siding, mold remediation, etc. and the house is vacant and in very poor shape, so there is no way any of these violations will be taken care by the seller.

[Account Closed]

@Kat Malkowski I have been there toooooo many times in the Chicago area. The problem is not bringing the property up to code, the problem is actually getting the "village" that's responsible for building code to actually go to the property, tell you clearly what needs to be repaired, then show up again for another inspection. In my experiences they want everything fixed before it passes. Nightmare! Worst part is if the seller can't perform repairs someone has to before it sells... of course you're not going to do that nonsense if you don't have equitable interest in the property... so you might have to write up a master lease agreement between yourself and the seller with an option to purchase after repairs are completed on your end. Fun :)

Dealt with it with rentals in Matteson and Cal City recently and it's such a slowdown to our business that we just pulled right out of Chicago for rentals & only do them over the border on the Indiana side. You can buy a property without the village or city having to show up, and the landlord tenant laws are 100x better for landlords. Def not a great flip market b/c lower values, but cash flow is great and managing tenants is far easier.

Where exactly is this property? Is this your first time dealing with them?