4 unit properties are the best target right now!
Thought this would be helpful for any investors having a tough time finding their next deal. Focus on 4 units! Over the last year I have seen absurd appreciation in 2 unit and 3 unit buildings. Many 2 units which were selling for $330k for example Irving Park/Albany Park are now selling $430k 1-2 years later. What we have noticed though is that 4 unit properties have not seen these price increases. 4 units which used to sell $550k to low 600s are now selling 580k+ which still work great for cashflow. I just got a 4 unit in Irving Park under contract for a Bigger Pockets member and have an offer pending on a 4 unit for myself right now too.
The 4 units tend to be easiest to manage also vs having multiple buildings. I house hack a 4 unit on the north side.