All the best,
Quality Mortgage Lending
I think there's more to consider when looking to invest. If I was to sell you a 2 or 3 flat anywhere in Chicago I wouldn't be doing my job as your agent. I would need more information on exactly what your expectations are.
Feel free to contact me at anytime.
If you want to shop and look at what are your best options contact an agent that will guide you through the process. Interview a few of the ones who were kind enough to respond to your posting. I have a portfolio of about 10 two and three unit off market, south side income properties that can be sold individually. They are all brick, rehabbed and fully rented. They are also in your price range. If you have any further interest please email or call my cell phone number below to discuss.
I wish you the best of luck in your search.
Ian Halpin / Broker
Jameson Sothebyâ€™s International Realty
425 W. North Ave. / Chicago, IL 60610
O: 312.335.3220 / F: 312.229.9190 / C: 773.531.4479
firstname.lastname@example.org | http://www.jamesonsir.com
Should you have any questions regarding financing options for your upcoming purchase please let me know. I would be happy to help
Senior VP of Mortgage Lending
You really put yourself out here. Every Broker will be looking to work with you. The first thing I would ask you is how familiar are you with the various Chicago Neighborhoods and do you have a ball park idea of what a two to three flat rehabbed already property, and do you plan to live in the property, or is it strictly investment with you not living in it? The neighborhood is really going to drive that $80-150K range. A property that reasonable in price will also be bombarded by savvy investor who will be making cash offers.
Find a Broker that knows the areas you want to look in and who will run good comparable to make sure your investment is sound.
Best of Luck and Happy New Years,
Manuel Brown, Broker
You may need to adjust your expectations in terms of finding a property that is completely rehabbed within the price point you outlined.
Speak with a few of the agents that responded here on Trulia.com, ask questions like how many transactions they have done in the past 12 months (shows experience), are they familiar with REO's (which is more than likely what you may end up with), short sales, negotiation skills, etc...
Take time to interview two or three agents. Write your goals down and be realistic the market is yours for the taking if you are willing to put in the work. Good luck!
Newman Realty Group
Exit Strategy Realty
Real Estate Consultant/Investment Advisor