HOTlist Properties - 10/25/12

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A quick MLS search uncovered the following 2 multifamily properties for sale in Chicago that made the HOTlist today.

#1:  
2100 West Superior, Chicago.  
4 units in 2 separate buildings
Listed by: Rising Realty

This one is a pretty obvious choice and it's been on the market for over a week so it's not selling for the list price.  Similar properties are now selling in the $100k/unit range so look for this to go under contract soon around that price point.

#2:
837 W Buckingham Pl, Chicago.  
4 units in 2 separate buildings
Listed by: Remax Vision 212

I like this multifamily building for two reasons (1) it's the perfect armchair investment for someone who is looking for a low maintenance building.  I ran the numbers and this cash flows with 25% down assuming a 45% expense ratio (very reasonable). Reason (2), RM5 zoning which is ideal for new-construction condos.  This investment property has multiple exit strategies and I like that.  


If you're an investor looking to purchase multifamily investment property in Chicago, contact Brent Hall to get started today.