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Updated over 3 years ago,
Chicago Single Family with In-law suite - Multi Family
Good Evening,
I am exploring multi-family 1-3 units. I have been looking around West Town, Logan, Avondale, Roscoe, Lakeview, Wicker, Bucktown.
I've come across several that are taxed as single family home with an in-law suite; rather than a true multi-unit. It seems this can be advantageous, with lower taxes. There are single utilities, which have pro's and con's. Any other major things to think about?
I am looking to owner occupy for 1-2years, then rent out both units.
Thank You!
Mike