3-unit building in Chicago Logan Square/Hermosa

[Abbas Mamdani]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $455,000
Cash invested: $150,000

Bought a property needing some repairs and TLC. The property has 3-units in the Chicago Logan Square/Hermosa area. It is expected to generate positive cash flows and I intend to hold it for a few years.

What made you interested in investing in this type of deal?

Consistent cash flow and appreciation

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

Was brought through by my realtor

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Negotiated hard and made strategic upgrades

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Dan Nelson!