.- Chicago: Copy of the Chicago Residential Landlord Tenant Ordinance Summary (tenant initials received in lease docs).- Chicago: Heat/Energy Disclosure Statement (only if tenants pay their own heat, tenant to sign)- Chicago: Chicago Recycling Ordinance Flyer/Disclosure (tenant to sign)- Illinois: "Protect Your Family From Lead In Your Home" guide. 

Seems high comp. to 4-6% Im used to seeing and negotiating in residential even in commercial real estate. 

Seems high comp. to 4-6% Im used to seeing and negotiating in residential even in commercial real estate. 

But you also have to appreciate it is a lot of work for small deals and little money compared to the residential business. 

@Rachel H. thanks for the reply its zone for Residential Uses (R-2) ie: Manufactured Home, Multifamily Dwelling, Two-Family Dwelling (Duplex) and etc. but NOT for Manufactured Home Park. but a Manufactured home park: A parcel of land at least five (5) acres in size on which a minimum of ten(10) developed stands are in existence for lease or condominium ownership and two (2) mobile ormanufactured homes are occupied as separate residences.

She is ready to get rid of them.When I've encountered this situation, I have offered on the entire portfolio and to buy conventionally the nicest residential property with a conventional mortgage at max value, then asked for seller financing on the rest utilizing the one as the bulk of the DP for the rest.  

Best, GaryEvery state is different and Commercial property is different and most laws regulating residential do not apply to commercial.

Hey Jacob, most if not all residential lenders(1-4units) offering financing via conventional/FHA or other loan products will want you to occupy the property for 12 months as part of the “primary residence” requirement for that loan down payment.

We are in need of a spanish speaking RE Agent for commercial and residential services.

When I came across the property originally on the MLS it was listed as a residential home.