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Updated about 5 years ago on . Most recent reply

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Anthony Mai
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Votes |
4
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Is this listing lying that the property is a legal 3 flat?

Anthony Mai
Posted

https://www.redfin.com/IL/Chic...

Curious about this property. Says legal 3 flat in the listing. Zoning says its RS3 - isn't that only a SFH? So is the listing blatantly lying or what?

Also, is this a good deal? Price seems cheap for a 3 unit and it seems like it cash flows..not ideal location imo but not horrible..

Most Popular Reply

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255
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161
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Vincent Incopero
Pro Member
  • Attorney
  • Elmhurst, IL
161
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255
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Vincent Incopero
Pro Member
  • Attorney
  • Elmhurst, IL
Replied

@Anthony MaiI will bet my personal reputation, coupled with the wristwatch of your choosing, that this is a legit 3 unit. No violations or red flags disclosed from my research. 

I would agree with the conclusion of @Henry Lazerow, although for different reasons, and suggest that you bid with confidence knowing that that this is not going to be an issue with the 3rd unit or a headache from a violations standpoint. 

  • Vincent Incopero
  • [email protected]
  • (630)299-7600
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