Hey everyone, I'm looking to purchase a multi-unit building (2-4 units) in Chicago (Logan Square / Bridgeport).

Just because the statistical data says a home is worth $212M, doesn't mean the house hasn't been gutted or that the 2,000 square foot add on wasn't done with a permit or that there isn't a crackhead living in the place right now using the furniture as firewood. 

Not only is it cheaper "per square foot" to buy a multi-unit in any given neighborhood, you are also making three separate rents so the overall cash flow (after you pay your mortgage payment and other expenses) is always much higher on a multi-unit.  

The Portland market is crazy right now and just looking to get a foot in the door.

It sounds like you have already started off on the right foot for investing!

I haven't tried their hardwood but their 12x12 ceramic tiles worked out pretty nicely in my last home and were less than 50 cents a square foot.

I want the property to be in the Logan Square/Rittenhouse Square area.  

I am really interested in getting into real estate investing, I have purchased two older homes in the past 10 years and now realize I already have my foot in the door, but I know there is so much to learn to avoid making mistakes.

thanks Louis Davis, hard work and commitment is an active that we must keep in this business my friend thanks for the advice we will keep our foot planted within the BP nation and community of envestors aka investors such as yourself, keep us posted on newest projects or endeavors? 

We had to replace about 400 square feet of subfloor in the livingroom and bathroom.