I posted about this property in the past, looking more and more like it may be a deal. There's an off market SFH currently owned by a church. It's in a residential neighborhood and at one time was somebody's residence...

You might be able to make this work if you do a house hack and convert some unfinished space into livable space.

Hey guys,I have a potential duplex in the Seattle area (so fairly appreciating) that I consider doing an offer with these numbers:PURCHASE PRICE: $350,000Purchase Closing Costs$8,000.00Estimated Repairs$0.00Total Project Cost$358,000.00After Repair Value$350,000.00Down Payment$87,500.00Loan Amount$262,500.00Loan Points$0.00Amortized Over30 yearsLoan Interest Rate5.000%Monthly P&I$1,409.16Total Cash Needed$95,500.00MONTHLY INCOME: $2,500.00MONTHLY EXPENSES: $2,365.16MONTHLY CASHFLOW: $134.84CASH ON CASH ROI: 1.69%PURCHASE CAP RATE: 5.29%This property could be converted into a triplex with a garage turned into an unit with full rent price but this is numbers as a duplex.Cash on cash is really low but as a triplex I get a bit over 8% ROI which is I find pretty impressing in a market like Seattle, any thoughts?

I get that the partial ownership in relation to each other owner may reduce the flexibility of one owner to convert their property to cash BUT... how does that relate to what a buyer or appraiser thinks the property is worth?

Tiled whole down stairs, added granite, converted bonus room to a bedroom.

Put $30,863 of my personal funds into the rehab which included all new wood look tile floor throughout, cabinets, granite counter tops, stainless appliances, light fixtures, vanities, Converted bonus room to bedroom.

@Braden C I contemplated converting the non-conforming 3rd unit into one of the units; however the seller did not waiver on the price. 

They convert to a tax deed in a year & they’re in urban development areas, but I want to ensure I get my $$ back from curing the citations if they decide to redeem before the tax deed. 

Hi all,I am looking at a property in the City of Chicago, that I am pretty sure was a five unit building and has been converted to three large units.What is the most reliable source for verifying the number of legal units for a property in Chicago?

From there, I would like to convert the garage into an ADU, which I would live in while renting out the main house.