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elvisfrink, Other/Just Looking in Chicago, IL

what would be the ARV FOR A 12 UNIT MULTI-FAMILY PROPERTY?

Asked by elvisfrink, Chicago, IL Thu Aug 22, 2013

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6
Englewood!!! Chicago, near a section is being improved as I type.
0 votes Thank Flag Link Fri Aug 23, 2013
email me jmichaels@remax.net the address and I will run the report for you
0 votes Thank Flag Link Fri Aug 23, 2013
The building is located in Chicago, South side and it is a gut project located near a major university.
0 votes Thank Flag Link Fri Aug 23, 2013
The After Repair Value will depend on the location of the building, the realistic rental income for that area, the number of bedrooms in each unit, parking or no parking, other amenities, quality of upgrades, etc
0 votes Thank Flag Link Thu Aug 22, 2013
Thats a tough question. We would need to know more about the actual property.
0 votes Thank Flag Link Thu Aug 22, 2013
The After Repair Value (ARV) will depend on the quality and extent of your repairs. A better question would be what is the market value of a 12 unit MF? Even this question requires more information. Not all MF are built the same, in the same condition or in the same comparable location.

Your best answer is to talk to a real estate agent that specializes in commercial and/or multi-family real estate. You can just their competency if they give you a price per unit rather than a flat amount.
0 votes Thank Flag Link Thu Aug 22, 2013
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