Or - invest elsewhere.I ended up investing about an hour outside of the city in a smaller town that has a stable population and am doing a cash flow play instead of property appreciation play.

The building is concrete block and previous owners built on the side of it another "Wooden frame" store front which is "attached".Each unit is being rented out under market value, and decent condition.The property does not have a CO (calling town this week) but is in working condition and fully rented out. which is strange?

Let me know what you have and what area of town it is.

I feel that many of the investors who come from out of town trying to make money by being reeled in with the low housing prices only focus on the war zone areas, and dont know the better sections.   

My question for investors and agents in Louisville Kentucky is what area if town is prominent for multifamily homes?

Interesting @Gino BarbaroI thought that Putnam had higher than Westchester because of very pricey towns like Cold Spring

In my town there's no triplex units for sale and the people who own them won't be selling them in a few years.

In the smaller towns, a lot of these agents know these people and hear from word of mouth before anything hits the MLS.

In other words, in the best part of town, in a good town, in a thriving area.  

 don't mean to step on any contributors toes  but I purchased a 4 bedroom one and a half bath home in Englewood for $8,000 a couple of years ago I put in about $12,000 in upgrades to the kitchen and bath and did an entire interior repaint so yes it there are properties in Chicago town in that range.Chase pls PM me.