All Forum Posts by: Lauren Soderstrom
Lauren Soderstrom has started 4 posts and replied 13 times.
Post: Multi-family in chicago suburbs or northwest indiana
- Real Estate Agent
- Chicagoland
- Posts 13
- Votes 0
Hi Mike!
I am an agent in Downers Grove. While inventory is usually fairly low for 2-4 unit multi-families, an interesting one just popped up. Desirable north side 4 unit all brick building. 560k, 6.5k taxes. I can send more details if you like! (PS - I am not the listing agent)
| Floor Level | Sq Ft. | Rooms | Bedrooms | Bathrooms | Master Bath | Sec Deposit | Rent | Lease Exp |
| Unit #1 | 1 | 938 | 5 | 3 | 1/1 | 0 | 1100 | M2M |
| Unit #2 | 1 | 770 | 4 | 2 | 1/0 | 0 | 800 | M2M |
| Unit #3 | 1 | 770 | 4 | 2 | 1/0 | 1000 | 1000 | 11/19 |
| Unit #4 | 1 | 770 | 4 | 2 | 1/0 | 1000 | 1000 | 02/20 |
Post: Rent again? Or Cash out and Buy again?
- Real Estate Agent
- Chicagoland
- Posts 13
- Votes 0
It is in Downers Grove IL, suburb of Chicago . If I sold, I would buy by you, Jim.
Post: Rent again? Or Cash out and Buy again?
- Real Estate Agent
- Chicagoland
- Posts 13
- Votes 0
I currently own a rental townhouse. The tenants decided to move out. Since I purchased (2014), they imposed a cap on rentals. When tenants move out, I have permission to rent out ONCE or cash out and sell. I can sell and get about $80k or rent out again and cash flow $500 a month. I am torn. Deals seem to be hard to find so i worry I can't find more places to equal that cash flow but fear when we try to sell, the market won't be as strong. Ultimately, I know it is up to me and it is a good problem to have, but would love your insights! FYI, our ultimate real estate goal is to be cash flowing enough by 10 years to put our kids through college, and then to our early retirement.
Thanks all!
Lauren