They just aren’t for me. 

At a 5% downpayment, the monthly total payment is ~5k and perhaps the rents could be increased a bit but even then, they'd only be around 5k total monthly gross rental income..after any expenses and repairs you're in negative territory. i don't really understand who would buy that property..I guess an owner occupant who doesn't mind having a higher personal monthly payment still, or someone just seriously banking on appreciation and willing to incur negatives during the meantime which seems silly..but i agree with the original poster that lots of multis in these areas (wicker/logan proper/humboldt) are priced like this kedzie one and basically aren't a good deal sadly, since they are the nicer properties (location and often turnkey wise). have to go further north/west to get the deals. im hunting for a 2-4 flat myself and wish it could be in prime palmer square location like the kedzie unit linked, but the numbers just dont work

It's barely been a year so HELOC and home equity aren't there Thank you in advance for your comments

In-place cap rates aren't a viable comparison metric unless you are comparing finished product.  

When I asked them why allocations for property management / monthly maintenance fees aren’t in the pro-forma, I haven’t heard back from them since. 

Given that they aren't going to find cheaper rent down the street, or likely within the school district, and with all the competition for rentals, aren't likely to move at all. 

If the kids have a party and destroy the house and the parents say they aren't at fault, you have a serious issue on your hands!

Can the cops or some authority be called on a neighbor who throws their trash out in their yard!

You aren't getting that on line.

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