Seeing a Chicago Property for the first time!
Hi BP -
I am in the process of investing in a 2 flat (small multi family) in Chicago and seeing my very first property this week. I want to make sure I am prepared when I am seeing the property with my realtor.
What should I expect when visiting a property? Is the seller usually there? (found on MLS)
What should I look for?
What specific questions should I be asking (or you ask) when seeing a property?
I want to make sure seeing the property is not a waste of time.
Most Popular Reply
A lot of buildings in Chicago are quite old, which is not necessarily a bad thing, but be on the lookout for things such as knob and tube electrical wiring, radiant heat, and the possibility of asbestos tiles particularly in the basement. Also check on the legality of the second unit. Chicago has a great public transit system so check for walking distance to cta/metra, and nearby parks.