Let's say you buy multifamily buildings in the North Side Chicago and the cap rate is only 7%. 7% at $14,000,000 is almost a million/year, exactly $980,000. 

There are plenty of 3-4 flats in the North Side of Chicago that you can get!

@Sam Elder ,I have only been a fellow Irvingite for a little more than a month.I grew up in North Richland Hills.

safe to say north of 1 million.  

Just south of peotone and north of bourbonnais off 57.

Especially the little town north of Knoxville that i live in.

Is there any way we could have a thread for say Prperties down south like the thread for the neighbours up north eh?

I am so happy to finially find someone local I am actually a little North of Revere.

Is there a similar program for North Carolina?

Interior Information Appliances: None Floor Covering: Carpet, Hardwood, Laminate, Linoleum Basement: None Bathroom: Bath Tub Upgrades: Features: Exterior Information External Facing: Vinyl Siding Garage: None Garage Spaces: 0 Driveway Details: None, Lots of street parking. there may also be room to put in a small side drive with the current building Parking Spaces: 0 Location Details : Close to All Services, Highway Access, Lake/Pond/River, Near Park, Near Schools, Recreational/Community center, Water View, Country Community Exposure: North