Apartment buildings for sale deals.
URB Chicago has been selling multi-unit apartment buildings for sale in Chicago since 1986 and in that time we have become Cook County, IL’s most trusted seller of distressed properties. Aside from our customer-centric focus on real estate, it is our knowledge of Chicago’s real estate market that puts us at the top.
Multi-unit apartment buildings for sale in Chicago are big business for rehabbers in Chicago’s southside and westside neighborhoods like Back of the Yards, East Garfield Park, Roseland,
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Today we will be looking at rent prices for multi-unit apartment buildings for sale in Chicago.
Due to the number of multi-unit buildings for sale in Chicago, buying distressed rental properties as a handyman special can provide a nice passive income for landlords. But, one of the most important considerations when investing in a fixer-upper apartment building is rental prices in your area. This number will help you understand how quickly you can recoup your cost on the building, renovations, and when you can turn your rental property into a profit.
URB Chicago offers owner financing on multi-unit apartment buildings for sale in Chicago, IL. Our contract for deed agreements are designed around rehabbers who need to renovate properties while still paying off their monthly payment. Our low downpayment and affordable monthly payments are ideal if you are watching your budget. Additionally, we don’t check credit reports, so bad credit, no credit, no problem. We have owner financing programs for people with bad credit and low income.
While buying multi-unit apartment buildings for sale in Chicago through URB Chicago may be easy, what you want to look into is rental prices. URB Chicago specializes in southside and westside neighborhoods such as Roseland, Fuller Park, Woodlawn, South Chicago and more. Comparing local rent prices to your multi-unit apartment building will help you understand the cost you are putting into your multi-family property as well as if it is a good investment.
Chicago’s median monthly rent is nearly twice as high as comparable rental properties in cities such as Indianapolis and Detroit. This bodes well for rehab companies investing in Chicago, IL real estate by renovating multi-unit apartment buildings in Chicago’s southside and westside neighborhoods.
To buy multi-unit apartment buildings for sale in Chicago and understand the current market value and rental potential in your southside or westside Chicago neighborhood property contact URB Chicago today.