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Updated over 6 years ago,

User Stats

30
Posts
16
Votes
Oliver Santiago
Pro Member
  • Frankfort, IL
16
Votes |
30
Posts

Need help in analyzing a 6 unit property in Chicago

Oliver Santiago
Pro Member
  • Frankfort, IL
Posted

Hi BP members, I wanted to ask all of you if anyone can help me analyze this off market deal from my realtor.  Its is a legal 6 unit building in Jackson Park.  it consist of (5) 3/1.5 and (1) 2/1. Owner said it has updated electric and copper plumbing newer forced air furnaces and c/a conditioners and some more updates. 2 of the 6 units are vacant and 3 units are being rented at $900.00/month with one unit being used to house the property manager. I am new with analyzing multifamily, According to my realtor the 2 units need some rehab or updating. Tenant pays their own heat and Electric.

asking price $265,000.00

taxes $7500

Unfortunately I don't know how much the water bill and gas bill are and don't know what the extent of the rehab for the remaining 2 units.

Any advice, comment or replies to this thread will be greatly appreciated. Thank you in advance for your assistance

  • Oliver Santiago
  • Loading replies...