4 Story 8-Unit Rental
4 Story – 8 Unit Rental
Chicago North
Don’t Buy Multi-Family! BUILD IT
Book Example – Updated – Feb, 8 2022
50′ x 150′ RM-5 Zoned Lot
These larger 3 bedroom units (~ 1700sf) and large duplexes are in demand as rentals.
Value at 4.4 CAP is conservative for a brand new property.
Look at the Equity + Cash Flow projections to see how quickly a project like this builds equity in the first few years of ownership!
Status: Sample Pro Forma
Property Type: New Residential Rental
Building Size: 16,500 SF
Actual CAP Rate 5.4%