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Updated over 6 years ago,

User Stats

38
Posts
14
Votes
Ranga Ramanathan
  • Investor
  • Lake Zurich, IL
14
Votes |
38
Posts

Buying a property with unpermitted attic expansion

Ranga Ramanathan
  • Investor
  • Lake Zurich, IL
Posted
Hello all thanks for reading I am looking at this 3 bedroom 1 bathroom single family residence in a solid C neighborhood it has a really good rental return little over 1% rule. The problem is public records say this is a 780 square foot 2 bed one bath but at some point they finished the attic to add a 400 square-foot livable space. The work looks very professional you can't say that it sticks out I don't plan to do any major Reno at this point that will require any kind of permit but I do have a plan to add a bathroom to the finished attic area sometime in future to add some value. Would you buy this property thanks for your suggestions. Sorry if this is a repeat post my previous post didn't appear for a while Ranga

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