Chicago Condo - Lincoln Park

[Paul V.]

Investment Info:

Condo buy & hold investment.

Purchase price: $232,500
Sale price: $268,000

2 br/1 ba condo in Chicago's Lincoln Park neighborhood. Vintage courtyard condo building with 91 walk score. Bought it as a long term rental. HOA put a 2 yr maximum rental rule in effect, so I had to sell.

How did you find this deal and how did you negotiate it?

MLS

Lessons learned? Challenges?

HOA put rule limiting rentals. Pay extra close attention to HOA meeting minutes during due diligence process.