Not really an Investor friendly deal as your math is missing a few expenses and when you add in those expenses it's not worth it...at least not to me.Your best bet is to find an End Buyer, not an Investor, to sell it to and hold the note if you want.Good Luck!

Using Zillow is dangerous.I bet it's still overpriced.

I'm willing to bet thats a store managers discretion though but certainly worth a shot.  

If the eviction process is complicated in your area, I have heard that many landlords offer cash for keys, and that may be your best bet here. 

I'll bet she didn't pay for the propane and now doesn't have heat.

Unless of course he is betting on appreciation or can substantially increase income or slash expenses.

I bet within a hour and 1/2 drive there are deals that will cash flow nicely.

It has the potential to net around 15% cash on cash IF I can refi it at around current market rates in a year or two, if not, it’ll be more like 6% (which, sadly, is pretty standard for the area) until inflation pushes rents up.Would you bet on this thing?

Take a similar approach and engage with them....again within reason.90% of the time, if not more I bet these people deal with angry, rude, impatient and unreasonable citizens who are mad at them for a citation or just because they exist.

The better areas of Chicago just like the better real estate markets of the nation have quickly bounced back towards peak prices, so the equity bet is risky.