6-unit Building offer submitted

[Lee Lockhart]

Hello everyone! I submitted an offer on a 6-unit multifamily in Chicago. The offer is $190,000. Every unit is 3bd/1ba. Tenant pays for their heat, electrical, and hot water. Four units are rented. The remaining units are rent ready. The owner is collecting rents ranging from $850 to $1000. I feel with some value added repairs, rent can't reach $1000/unit. I feel some added cosmetics are needed. The property is located in a middle of the road neighborhood. There are apartments on the black. According to the owner, everything is updated. Water was in the basement, but owner said the drain needs rodding out. I will have my plumber and electrician to check everything out before purchase. Taxes are $6000 per year. Is there anything I'm missing? What do you think of this deal.