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Innovative Strategies
HomeForumsInnovative StrategiesInvesting in Parking Spaces
Steve Franco's profile image
Steve Franco's profile image
Steve Franco
  • Wholesaler
  • from Chicago, IL
  • Member since Jul 27, 2017
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Steve Franco's profile image
Steve Franco's profile image
Steve Franco
  • Wholesaler
  • from Chicago, IL
  • Member since Jul 27, 2017
Connect
Steve Franco
  • Wholesaler
  • Chicago, IL
5
Votes |
25
Posts
Innovative Strategies

Investing in Parking Spaces

Steve Franco
  • Wholesaler
  • Chicago, IL
Posted Oct 28 2017, 05:24

Hey All,

I'm in Chicago and my girlfriend owns a condo in Bucktown.  Recently saw someone selling a deeded parking spot because they dont use it. I had a thought to start buying parking spaces at condo buildings.  In our previous building people would sell them all the time.

Generally around here the spots go from around $15k-25k, and you mostly can't find a spot to rent for under $200-250 a month, $150 if you got REALLY LUCKY. That's a great ROI especially if you can get into it on the low end, and no maintenance, etc. Anyone have any experience in this?

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