Dissolving HOA after purchasing up entire building?
Hi all -I own a condo in a 2 unit building here in Chicago. I have a potential opportunity to buy out my neighbor's unit, which would then give me full ownership of the building. My plan is to purchase the unit with... View more
Help on Siding Project on the North Side
Hello friends!I'm working on a project in Avondale where we just passed all rough inspections for a gut rehab (whoo hoo!). At the same time, our exterior contractor pretty much disappeared. We're doing vinyl siding... View more
Chicago Condo Investment
Hello! New here on BP forum. I was just hoping to get some advice regarding buying a Chicago condo as a buy-and-hold investment and a future rental property. I’ve been renting for a while now, and I want to start... View more
Best Areas for Househacking in Chicago
I'm new to real estate investing and trying to get into owning a Multifamily unit using as little capital as possible. Househacking seems to be very newbie friendly and I'm looking to target a couple of areas in... View more
Recommendation for septic inspections?
Hi, anyone have a good recommendation for septic inspections? I'm looking at a property in Will county. Thanks!
Looking for GC in South Suburb of Chicago for Flipper
I am currently seeking a Licensed/insured general contractor that can work in the city of New Lenox. I just purchased a SFH that needs rehab work. Repairs are as follows:Kitchen2 BathroomsFlooring throughoutMinor... View more
Commercial zoning on 2 flat
My wife and I bought a 2-flat last year, and its zoned as commercial (C1-2). Is there any benefit of having this zoning in comparison to residential?
Wanted to Install new Vent fans in bathrooms
Hi All, I have 4 unit building in chicago and doesn't have vent fans in bathrooms. I see molds in bathrooms, so planning to install vent fans. Do you have any experiences/suggestions/price estimations. Can you plz... View more
Chicago Eviction moratorium
So I'm looking into the eviction moratorium for Chicago and from my understanding a landlord can still technically evict tenants if the tenant does not contact the landlord to claim Covid-19 impact with in 5 days of... View more
Water running continuously at multi-unit?
I have a water issue for a 3 unit building that I purchased over the summer. I got a notice from the city that the water has been running continuously. When the water & trash bill came, the last bill... View more
2020 Chicago Association of Realtors Lease Form
Does anyone have access to this form they'd be willing to share? I found the 2019 version very easily but for some reason I can't seem to find the 2020 version on the CARE website. Thank you for any help!
25 Billion in Rental Assistance.
Hello Everyone,I know that Congress just recently passed legislation providing 25 billion in rental assistance. I know this is being given to individual states to disperse. For Illinois specifically, has anyone heard... View more
Tax adjustments after sale (Chicago area)
Hi, Chicago-area investors,As I move closer to buying my first multifamily, one thing I haven't been able to learn much about is property taxes. Specifically, how are they adjusted after a sale on the open market? My... View more
Chicago Coin Laundry questions
Coin Laundry questions! I am considering coin laundry in a multi-unit I am closing on . . . i have several questions I thought I'd source here in one post rather than rummaging thru the forums!
New or Used?Buy... View more
Chicago Plumber Referral
I have a property in Little Village where I need to have water restored to the property. Does anyone have a plumber referral for a water line replacement from the buffalo box to the home?
Best Chicago Suburbs to Invest in Multifamily properties
Hey Everyone,I am relatively new to the Real Estate investment world. I am looking to purchase a multifamily unit to buy and hold within the next year and half. I am planning on living in it and renting out the other... View more
Property management - Spanish friendly
Hey all, Im looking at a building in Gage Park that is mainly occupied by Spanish speaking tenants that pay cash monthly for rent. I understand that typically these buildings are best managed by very local owners or... View more
Chicago ADU ordinance
An ordinance was introduced this week to re-legalize the construction of new "accessory dwelling units" on existing Chicago properties. This includes coach houses and basement & attic units, which could be added... View more
Duplex Down in Chicago
Anyone have experience and can give me a general ballpark of the cost to duplex down? I'm looking at a typical northside 2-flat and interesting in living on the first floor, adding an internal staircase and finishing... View more
Chicago House Hacking
Hello everyone my name is Brandon. I am currently in the early stages of finding a house hack property in the Chicagoland area. I have already been in contact with a lender and agent through connections that I met... View more
Deal Diary: House Hack 4 unit Edgewater/Rogers Park
Just closed this personal acquisition and happy to share the deal progress on here as I rehab the units, etc. I bought it off the MLS for $425,000 with a $12,500 closing credit = $412,500 net using the 5% down Home... View more
Anyone know a great Plumbing contractor?
Currently finishing out my current home’s basement. Anyone know of a great plumbing contractor that works in dupage and will counties here in Illinois?
How much do you pay for counters? Referral?
We pay $28/sf for Luna Pearl for labor and install. Anyone else have a better option?
What rehab elements tend to increase appraisal value the most?
Specifically in Chicago, any advice on which types of rehab elements an investor in multi-family properties should focus on or give more weight to when deciding how to rehab a multi-family property? For example, in... View more
Chicago Move In Fee. What is everyone Charging
Hello Everyone!I’m closing on a 4 unit in Little Village next week. I have rentals in Cicero and always charge security deposits. However I’m leery to do so in Chicago. It seems too risky with the current laws. I’m... View more