What to Watch For, with 2- to 4-flats:
In general, be aware that it is very easy to make a multi-unit building sound good on paper—we always recommend drive-by’s before setting up showings!!!
Secondly, watch for estimates of rent; (if there is no lease date or security deposit listed, any rent listed is probably just an estimate).
Finally, be sure to watch out for illegal units (e.g., 3 units described on a 2-flat listing sheet); you may still want to buy it but should have your eyes wide open.
And this is just the start of what you’ll find at www.Chicagoland2to4Flats.info!!!
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