18 unit consisting of 1BR and studios?????

[Frank Gigliotti]

I own a three unit building on the near south side of Chicago and I just met the Niebor across the ally who wants to sell his 18 unit. The numbers work and if all goes well I should be able to bump rents up by 25% which would make thew numbers even better.

My concern is that the building consists of 1BR and studios! The properties I own now are 3 & 4 units with mostly two and three BR. 

This would be a big step for me,,,Any thoughts

[Mark Ainley]

@Frank Gigliotti What is the heating set up?   Boiler? When landlord pays heat a one bedroom CHA voucher can be worth $950-$1000 per month rent. Of course this depends on your neighborhood.  Most Chicago studios can be converted to a 1 bedroom too.