All Forum Posts by: Chris Titcomb

Abhi - Crime certainly affects the value of a property as well as the marketability of the area.  But since 5+ unit multifamily properties are analyzed based on an income approach, a steady mix of good, rent-paying tenants will help keep your market value stable.   The south shore has various "pockets" that have more crime than others.  I, personally, like the Woodlawn area, and have closed a few multifamily deals there recently (one with @Mark Ainley's brokerage).  Take a look a Trulia's crime map, which can show you crime statistics.

Kendall - I'm a Chicago real estate attorney and work with many real estate agents throughout the area.  I'd be happy to give you a list of experienced north Chicago agents, if you'd like.    I'll send you a colleague request and PM you.

Brad - I have an off-market property at 2451 W Haddon, Chicago.  If you're interested, PM me.

@Mark Ainley, can you please PM me the Cash for Keys form you use?  Thanks!

Please PM me details. Thanks

Please PM me the financials.  Thanks

Yes condo association fees can increase and boards can restrict a unit owners ability to rent. However, typically rental restrictions are contained in a condominium declaration (i.e., the document that creates the condo) and that can only be amended with a vote (usually 2/3) of the unit owners. So, if the unit owners refuse to allow an amendment to the declaration they will still be allowed to rent - I guess my point is that the board does not dictate the rules, per se; they are sometimes subject to a vote. Read your associations governing documents prior to purchase.