Which made me think why aren’t many houses in the US built with cinder blocks? 

@Anthony Dooley I wanted to get into brokering skyscrapers like the Morgan Stanley building in Oxnard, CA I got ahold of the owner but they aren’t interested in selling.

I would rather spend the relatively insignificant (in the grand scheme of things) money on the attorney to tell me I'm good to go, than have things go south a few years in and have regulatory authorities on your case.

I know you will have to work your way through 2-3 levels of customer service before you get to a person with some authority but I would start there.   

In our contract with the home we currently reside there is a clause that states if we aren't able to furnish the house to them we would return their deposit.

I personally don’t recommend it but if you go that route make sure everyone’s responsibilities are clearly defined and you aren’t stepping on each other’s toes.

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.