GRM for multi-unit

[Paul Cijunelis]

I know the 2% rule slides depending on the cost of the building...I'm looking at a 4 unit bldg now and trying to figure out a good way to evaluate these properties never having done a multi unit.

the GRM is an 8 and the 2% rule is at 1.01%. ROI I get for 100% down is 7.5%. If I finance, that goes higher obviously but I like to see what it would be as a cash deal minimum (baseline value). 30% is 10.5% return (this is chicago keep that in mind...).

Are these decent numbers for a 4 unit? How do you guys eval multi units?