Great location for families, next to the largest park in town, safe, nice area with easy main road access. 

@Maxwell Lee this is near Collier Heights Park.....the seller signed an LOI but i need to put a contract in ASAP.

If it the latter, Id suggest working at real estate investment firm, you'll learn so much about your market and how to identify good deals from working next to an investor than you would by parking license at a traditional brokerage.

The apartment is in Elmwood Park IL which is located right outside of Chicago in Cook County.  

In any case, I found a promising property which is situated in the heights for $195,000 and it is in disarray not to mention that the location while not the best in my opinion it is very close to the shopping district, very close to a park, very close to the laundromat, and it is bike friendly. 

Hey Brendon,We have a small campground we built so hopefully I can offer a little help until others contribute.Lots of things determine the construction cost and not being from your desired location handicaps me.That being said maybe I can at least shed some light on your idea.Things that will determine actual per lot cost are power,sewer and water.1-Underground power is the way to go,more cost but more spaces because of overhead clearance restrictions.2-Available sewer also is best but septic systems work fine but cost more and chew up land area and require more long term maintenance (we have septic systems,3 spaces per system). 3- Water,there again country,or city water is best but a well and your own systems works fine also just requires more upkeep.As far as the park itself it's best to (IMO).1-set park up with three sections to accommodate different styles of campers,over night,seasonal and annual (if area warrants),all three have there pros and cons,overnight area is cheapest to construct since you'll just have bathhouse ( no septic,power or water per site). seasonal spaces will be completely developed but will rent for highest amt because it's short term (usually power is included into rate).Last is annual which again lots are fully developed but not so much in and out and consistent cash  flow,tenants put utilities in there name as they would a SFR. 

We are trying to crunch through the numbers and wanted to see what you all thought and receive some input or insights.The following are the first two viable options in the Hyde Park area and both are professionally managed :Option 1Tri-plex, 3 story, each unit has 2 bedroomsAge: 76-100 years, recently renovatedPrice: $325,000Gross income: $34,200Gross Expense: $12,506Net Income: $21,694Annual Tax: $1,050Option 2Duplex: 2 bed unit, 3 bed unitAge: 100ish years, recently renovatedPrice: $340,000Gross income: $31,800Gross Expense: $10,074Net Income: $21,726Annual Tax: $800

I'm in the LA area too (buena park) so shoot me a PM if you ever want to meet up or chat!

However, it is in a terrible location - on a steep hill with no parking.

Roland H Acosta in winter park,FL. they do remote closing all over the state, but if you need some local I got nothing