Buyer question: What are the other names of multi family homes for sale in Chicago, IL?
URB Chicago has been selling distressed properties for sale in Chicago since 1986, and every once in a while someone hits us with a question that we are surprised with. Today’s buyer question is all about multi-family homes.
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Multi family homes for sale names answer:
While this question hasn’t popped up on our radar, we are sure that a lot of rehabbers flipping houses for profit and new fix and flip companies have the same question. Chicago’s large early immigrant population made it one of the true melting pots in the United States during the mid and later 19th century. The booming stockyard and railroad industries along with manufacturing created a constant flow of people into Chicago looking for jobs. Chicago was able to manage such a large population of immigrants due to a significant number of multi-family homes built during this time. From 2-flat wood-frame houses to 3-flat and 4-flat red brick buildings and larger apartment buildings, multi-family properties are the backbone of Chicago real estate. Multi-family homes for sale in Chicago, IL are what make Chicago, IL a rehab city.
You’ve likely seen multi-family properties for sale in Chicago, IL listed under a variety of names, sometimes you may not have even known it. In definition, a multi-family property is just a property that more than one family lives in, or has more than one unit or dwelling.
Common names for multi-family properties include:
• multi-unit property
• 2-flat property or 2-flat wood frame property
• 3-flat property
• 4-flat property
• Multi-flat Greystone
• Multi-flat apartment building
• Apartment building
The list can really go on, but in Chicago, multi-family properties for sale mean one thing, a great rehab opportunity in Chicago, IL.
With many fix and flip multi-family properties for sale in Chicago, IL made out of red brick and stone masonry these distressed properties for sale often have solid bones as well as the ornate charm and detail popular with the turn of the century Chicago homes for sale.
Contact URB Chicago and speak with one of our knowledgeable and courteous real estate experts today. We have a large selection of fix and flip properties as well as seller financing available that is great for people with bad credit and low income.