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Update - Chicago Flats: 2022 Low Inventory Leads to Quicker Sales

Updated: Mar 26





In October 5, 2020, we wrote the first part of the Beginner's Guide to Property Investment. Since the last multi-unit property listed on the market from that article sold on January 14, 2022, here is Part 2.


All but one of the multi-unit buildings in Part 1, which went off-market, were sold in 2021 or in the first month of 2022. These buildings appeared to require minimal to some renovation work.


As we look to the current market, we are seeing less multi-unit buildings under or close to $1,000,000 that could easily be renovated to then be sold or rented.


From what is currently available, here are some we think are worthwhile even though they may require some to a good amount of renovation work based on location to grocery stores and public transportation (at least one train station).



Albany Park


4533 N Kimball Ave - 3-flat brick building listed at $545k



Bucktown


2324 W Armitage Ave - 3-flat early 20th century building listed at $1.05M


1934 N Leavitt St - more brick, includes a duplex unit listed just under $1.05M


Jefferson Park


5000 N Austin Ave - 4-unit brick building with a 3-car garage listed at $699k



North Center


2415 W Warner Ave - 3-flat listed at $900k


Roscoe Village


1915 W Roscoe St - coach house goals listed at $969k









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