4247 N Marmora Ave Chicago, IL 60634

[Amir Dana]

Investment Info:

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

Purchase price: $365,000
Cash invested: $100,000

Fha finance. Estate sale. My 1st property at age 21. Remodeled entire building.

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

1st building. I just wanted to start.

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

My agent found it for me. Asking price was 375k, we negotiated 365k and they agreed.

How did you finance this deal?

FHA

How did you add value to the deal?

I spent a little over 100k in remodeling. Updated roof. New plumbing. Finished basement unit and remodeled 1st and 2nd floor.

What was the outcome?

Huge success and set me up for my 2nd and 3rd property. I learned so much.

Lessons learned? Challenges?

Remodeling cost more than you think it’s gonna cost and it’s gonna take more time than expected to remodel.