Chicago Duplexes Costing Models

[Matt Michaels]

Hello BP community!

Quick background to provide context. I am a multi-family real estate investor currently living in the Pittsburgh area. I bought my first duplex in 2018 and house hacked it, and then moved to my second duplex in 2019 and am currently house hacking that.

However, my situation is changing as my long-time GF is from the Chicago area and we are moving back to the Chicago-land area in the future. With that being said I would like to continue my multi-family investing career but was looking for advice going into a new market (Chicago).

If you are a multi-family investor in the Chicagoland area, can you provide advice on unplanned expenses or different ways to think about multi-family deals and deal structuring in the Chicagoland area? Further and if you would feel comfortable, sharing your costing sheet/analysts model when analyzing multi-family deals in Chicagoland?

Thank you in advance for your time, and I look forward to hearing back from you!

Matt