Buying a 2–4 unit property in Chicago sounds simple—but ignoring the fine print can kill your ROI. Here are three quick red flags:
🚨 Zoning anomalies: Make sure the current use is legal and matches tax classification.
🚨 Deferred mechanicals: Older boilers or unlined chimneys = future headaches.
🚨 Inconsistent rent rolls: Watch for tenants with no written leases or huge payment gaps.
I’ve reviewed hundreds of deals across Chicagoland and can help you avoid costly mistakes before closing.
Thinking about buying or repositioning a small building? Let’s walk the numbers and strategy together.
