I am looking for multi-family properties not currently listed in the usual multiple listing sites. The criteria Is:
1. Minimum of twenty units or more.
2. Price to Actual net operating income produces a capitalization rate of 7.5% or better.
3. Locations - Northwest, Far West, Far southwest Chicago suburbs.
Able to close quickly on qualifying properties. Good condition preferred; however, some deferred maintenance may be considered.
David Spencer, Broker, Licensed Instructor
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