Building is fully occupied.Here are the numbers:6 Unit Building Asking Price: $300k(All 6 units are 2BR 1BA)Total monthly rent (Assuming full occupancy): $4720Average monthly income from owned coin laundry:$75Yearly income: $57,540 - 5% vacancy($2,877)= $54,663Total income after vacancy: $54,663Expenses (Yearly):Property Tax: $15,000 (Cook County)Insurance: $2,000Water: $2,100Gas (Currently landlord pays for baseboard heating, water heater and gas stoves.

Wood stove, rocking chairs, I could set up a primitive outside shower with hot water.It is part of a "rural development" so it was probably 60 acres of an old farm along side the river and there are 4 or 5 parcels.

If I added an in-law, it certainly would not need a full kitchen/stove.

I'd finish the look by putting in a stove and fridge.

Here's what the add said "single wide 2 br, 1 ba home, very good condition, new roof 2014, new vinyl flooring and carpet, washer/dryer, dishwasher, stove, refrigerator included.

What I mean is if I replace one tenants refrigerator or stove with a new because it legitamitely goes out, others will get jealous and I will have 15 that need to be replaced the next day.

Since he didn't have electricity (he stopped paying utilities several months earlier) he tried doing it by using the stove (water and gas are paid by me - the owner).

Needs a new boiler, paint, remove carpet upstairs to expose HW floors there, needs 2 refrig, 2 stove, and may add dishwasher in 1 or both.

Ask yourself this; would you like your "tenant" to come knocking on your door during a Easter or Christmas dinner to tell you they're toilet is backed up, heater isn't working, hot water doesn't come, burner on stove is out, etc?

New stoves for everyone...?