If you cross reference these two lists, you'll find a lender who has experience closing 203k loans AND will fund the escrow for the renovation budget vs selling the loan off at closing.

I just went and counted 30 books and thats only in the two spots where I can easily find them.

Not specific to Pitt, but in general try not to comp 2 beds to 3 beds if at all possible.  3 to 4 is usually anywhere from $2k to $5k 4 to 5 and beyond that is usually negligible, and square footage is what counts. 

Look for:Close - within a half mile, ideally.Closed - actual closed sales, listing prices aren't good data points.Comparable - similar bedroom count, both with and without an ADU (b/c that's what you're trying to research).Recent - the more recent the sale, the more relevant the data point.So you look at your two lists, spot patterns, find the median, compare the two median sales prices, and boom that's a solid ballpark.If you want to look at "Do I build a studio ADU or a 1br ADU?"

Not counting what we plan to do with the other 6 acres. 

Count me in. 

I won’t count on that happening though.

My question is, are we able to count expected market rent if we don’t have a lease agreement in place at the time of applying for the next mortgage?

--=================================================================ALBANY PARK : 4.88ASHBURN : 5.98AUBURN GRESHAM : 7.03AUSTIN : 6.03AVONDALE : 4.32BELMONT CRAGIN : 4.96BEVERLY : 4.39BRIDGEPORT : 4.22BRIGHTON PARK : 5.96CHATHAM : 6.61CHICAGO LAWN : 6.5CLEARING : 5.01DOUGLAS : 4.48DUNNING : 4.17EAST GARFIELD PARK : 5.72EAST SIDE : 5.38EDGEWATER : 4.09EDISON PARK : 4.12ENGLEWOOD : 8.98FOREST GLEN : 3.85GAGE PARK : 6.09GARFIELD RIDGE : 4.43GRAND BOULEVARD : 4.81GREATER GRAND CROSSING : 5.92HERMOSA : 4.54HUMBOLDT PARK : 5.47IRVING PARK : 4.12JEFFERSON PARK : 4.23KENWOOD : 4.44LAKE VIEW : 4.15LINCOLN PARK : 4.27LINCOLN SQUARE : 4.08LOGAN SQUARE : 4.19LOWER WEST SIDE : 4.45MCKINLEY PARK : 4.44MORGAN PARK : 5.94NEAR NORTH SIDE : 4.37NEAR WEST SIDE : 4.64NEW CITY : 6.93NORTH CENTER : 4.28NORTH LAWNDALE : 6.52NORTH PARK : 5.15NORWOOD PARK : 4.59O’HARE : 3.55PORTAGE PARK : 4.47PULLMAN : 7.38ROGERS PARK : 4.9ROSELAND : 7.62SOUTH CHICAGO : 8.51SOUTH DEERING : 16.58 * (only 1 property sold, so this could be an anomaly)SOUTH LAWNDALE : 5.65SOUTH SHORE : 5.88UPTOWN : 3.97WASHINGTON HEIGHTS : 5.89WASHINGTON PARK : 5.11WEST ENGLEWOOD : 8.09WEST GARFIELD PARK : 9.11WEST LAWN : 4.82WEST PULLMAN : 9.93WEST RIDGE : 4.38WEST TOWN : 4.08WOODLAWN : 6.02

@Noel Pregot You can't count on the fact that prices will drop if interest rates rise.