What constitutes a unit?

2 Replies

Hey guys,

I'm relatively new here so bare with me. I was on loopnet browsing through multifamily apartment deals and I came across something confusing.

I saw a couple of individual houses that had 2,3 and 4 BEDROOMS and the description on the property said that they contained 2,3, and 4 UNITS. Making them Duplexes, Triplexes and Quadplexes.

Have I miss understood what a duplex, triplex and quadplex is? I figured, for example, that a duplex would be two houses combined, both consisting of however many bedrooms (2,3 or more). Am I wrong? Or is a bedroom considered a unit?

No, you're right, Ryan. A unit has  a front door, it's own number or letter.

In Chicagoland it's a flat like they're British or something .

Counting the number of complete kitchens isn't a bad way to go about it.

We could quibble about what exactly constitutes a 'complete' kitchen, or we can just go with "I know it when I see it."

Incidentally, with the exception of in-law units, kitchen-counting will get you a number that lines up with mortgage guidelines about 95% of the time assuming everything is permitted etc.

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