10-Unit Multi-Family Building Next to Elementary School in Lawndale, Chicago, IL

[Jodi Taylor]

Hi all. I'm looking for private investor funding to cover the DP/closing costs on a deal of mine I have under contract. It's a 10-unit property at 60623. It's right next to an elementary school, and I have been told by locals it's relatively safe compared to the larger 60623 area due to this. 1/10 units rented. 7/10 units rent ready. 2/10 units left to rehab. Doing a 12 month term rehab loan that covers purchase price and rehab. Will refinance after it's stabilized. Just need the funds, and I will take care of the rest. Looking at an overall 17%+ cash ROI at ~$267/door/mo after stabilization. Will need around $250k to close and willing to work with more than one investor to get to that number.

I have much more detailed information at the ready if there is interest. Please reach out!

[Jodi Taylor]

@Jonathan Klemm I'm targeting 8-15 unit buildings, ideally needing a medium amount of rehab to get a decent value but without a ton of risk. My experience is all with 3-4 unit buildings, and I'm aiming to expand into larger buildings like this one. I do now have an investor locked in on this one - now on to finishing up attorney review. Hopefully all goes well.