![3 Unit Multi Family](https://ld2development.com/wp-content/uploads/2021/12/FE163CB8-7E79-435D-B26B-512F148423E6-1080x675.jpg)
3 Unit Multi Family
3 unit – Owner Occupied
Chicago North
Book Example (Updated – Feb 2022)
Classic Chicago Brick 3 unit – 3 Story + Basement stands the test of time and is perfect for owner occupied property.
You’ll note that we are assuming 20% of total costs as initial equity for an owner occupied property. You can also use projected rental income to help qualify for the loan.
Some lenders offer construction loan programs for owner occupied properties that convert to an end loan upon completion.
Look at the Equity and Cash Flow column in the projections to see how quickly you build equity in the first few years of ownership!
![FE163CB8-7E79-435D-B26B-512F148423E6 22 Palione Pl - Multifamily Property](http://ld2development.com/wp-content/uploads/2021/12/FE163CB8-7E79-435D-B26B-512F148423E6.jpg)
Status: Owner Occupied Rental Example
Property Type: 3 Flat
Sub-Type: Residential Income
Building Size: 5,000 SF
Actual Cap Rate: 5.01%
![Scr Assumptions 3 Unit](http://ld2development.com/wp-content/uploads/2021/12/Scr-Assumptions-3-Unit.png)
FINANCIAL SUMMARY – PRO FORMA 2022-23
![Scr 3 Unit Cash Flow PNG](http://ld2development.com/wp-content/uploads/2021/12/Scr-3-Unit-Cash-Flow-PNG.png)
![Scr 3 Unit Equity - PNG](http://ld2development.com/wp-content/uploads/2022/02/Scr-3-Unit-Equity-PNG.png)
![Scr 3 Unit IRR - PNG](http://ld2development.com/wp-content/uploads/2022/02/Scr-3-Unit-IRR-PNG.png)