On the Market or Recently Sold MultiFamily

[Samantha Meyer]

We are looking for a multifamily in a strong school district along the brown line to owner occupy. Lakeview, Roscoe Village, Ravenswood, Ravenswood Manor, etc.  We do, however, want something that would cover expenses if we decided to move.  Is there anything right now on the market or recently sold that you think was a good opportunity in the areas mentioned?  I'm trying to learn how to better evaluate options and would appreciate some help!  It seems like there are some possibilities because of low rates but I've heard time and again that the numbers don't work so wondering what I'm missing?  Should I strive for better numbers even if we are planning to owner occupy?

For example:

1820 W School
Purchase Price	$730,000
Monthly Rent	$4,850
Annual Rent	$58,200
Less 3% Vacancy	$56,454
Annual Taxes	$12,125
Annual Insurance	$3,000
Total	$41,329
Less 5% maint	$2,066
Units	2
Cap Ex	$1,694
Water	$1,485
Gas/Electric	$1,800
Total	$34,284
Cash Needed	$146,000
Cap at List Price	4.70%
Monthly P&I	$2,920
Profit	-$63
Cash on Cash	-0.52%