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Updated over 5 years ago,
What is the estimated monthly cost of a 7-unit apartment building
I am currently looking into a 7-unit apartment building on RedFin.
Location: Chicago IL, North Lawndale, low income, high crime neighborhood.
Asking price: 450,000
Total monthly rent income: 7162
Well maintained (so claimed)
What should I expect the monthly average combined costs for [ vacancy + maintenance + eviction ] ?