$150,000 7542 South Colfax Avenue Chicago Illinois 60649 in Chicago, Illinois

3 Unit apartment building on Chicago's South Side in an emerging market. Neighborhood has new chain stores, post office and coffee shops moving in. Transformation should be complete in about 3-5 years (depending on the recovery), making a good time to either exit the property or re-position with new tenants. Walk through by several investors and general contractor indicates $80,000 - $130,000 inside renovation is required on electrical, plumbing and HVAC. Business plan for property