There has been a wave of movement and purchases in the three to four-flat market in Rogers Park. From several short-sales to auctions to conventional transactions, high rental income from voucher recipients have made these buildings attractive.
My contractor recently invested in a fully rented three flat. he's the type of guy made for this type of real estate investment. He can actually manage his own buildings and um... fix things.
Here's Ryne inspecting the goods. He's got our best interest in mind.
A fully rented three-flat building in good shape with voucher program eligibility will average about $400,000 depending on rental income.