However, after talking to the bank, the only way this could occur is through refinancing with closing costs ranging from $4500-$7000.

I have a recently fully renovated SFH in S MPLS that I'm currently renting out that I will be selling this fall/next spring in the $260-$270 range but will probably sign a lease extension until 6/1/21 as no non renewals aren't currently allowed. 

Those cities are namely - Holyoke, Springfield, Chicopee - and you can get properties in the price of $50-60/unit count with rents in the $900-1200 range for 2/3 beds.

Given the incredible range of outcomes from 3 months of turbulence, demand is not the driving factor. 

I am looking for deals that range from 20 units up to 150.

From your post it looks like you are under the 80k range, which either means you are in the south side looking at single family homes or in the suburbs looking at condos. 

Simply put, the margins are small for the builders which means the current homes in that lower price range are going extremely fast.  

The Hoa fee in the building ranges from 700-800 dollars a month. 

Do you know what the range would be for a replacement? 

However, after looking for multifamily properties in surrounding areas on listing websites (such as Zillow) I have found that any duplex I find is either a) nowhere near where I work (+1 hour commute time) b) seems to need A LOT of renovation work or c) is out of my price range that I can afford.