Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

77
Posts
10
Votes
Byron W.
  • Chicago, IL
10
Votes |
77
Posts

Distressed property next door. What to do?

Byron W.
  • Chicago, IL
Posted

I purchased a 3 unit building in bronzeville about 2 years ago now and all of the houses and apartments on the block are in great shape with owners who care, except the one next door to my property. The property is a 3 unit building and has been all but abandoned since long before I bought my place. I've noticed on occasion, 1 guy comes and works on the interior of the property every few months for a few hours. He's honestly done nothing compared to the amount of work this place needs before someone could possibly move in.

How should I report this distressed property to the city? Is there a way to force the owner to sell it? Should I attempt to contact the owner myself and try to buy it? The ARV would be very much worth while but I definitely don't have the cash on hand to flip it or BRRR it. Any thoughts or advice would be appreciated!

Loading replies...