My best advice is to be up front with the landlord. Let them know that you are willing to pay an extra month of security deposit. Give them any information that will help your case such as an explanation for your bad credit, references or recommendations from past landlords, etc. There are plenty of tenants in your exact same situation right now. Good luck.... more
The answer really is specific to the particular building you're looking at. There are many tremendous opportunities in the South Shore neighborhood, and there is a quite a large rental market there as South Shore has absorbed a lot of folks who were displaced by the removal of some public housing. In 2007 I was the highest dollar sales volume agent in South Shore, so I'd be happy to help you investigate good buys in that neighborhood.
Call or email me at any time.
Broker Associate, Sudler Sotheby's International Realty
It's been a while since a one bedroom in this building closed. The two bedroom units that have closed over the last 6 months have closed between $52,475 and $107,000. The prices have slid rapidly in this building, and the assessments have risen steeply.
If you're considering buying, look carefully at the financial condition of the association and look for capital improvement plans and reserve planning. Assessments in elevator buildings can get out of control very rapidly if maintenance and reserve planning are not adhered to.
Otherwise, great location with some great views. It's a great time to buy in South Shore as the prices have moderated greatly.
Call with any specific questions.
Best of Luck
Keller Williams Chicago Consulting Group
716 East 47th Street
There is nothing at this moment. I would like to recommend that you utilize my free website at www.idealhomesinchicagoland.com. You will be able to search for properties throughout Chicago and the surrounding areas. My website features up to date information, so you will not be finding homes and properties that are no longer available like on some of the realty websites that you may be using. My website also offers an array of neighborhood and market information that can help you make your determination on homes and locations. My featured partners are industry leaders that can assist you in making any realty transaction easy and transparent. I welcome you to utilize this amazing tool. As always I will be available to answer any questions that you may have.... more
I have seen UAS advertised but i have not personally seen any properties that are under their management.
I do hear a lot of good things about MAC Property Management because they seem to do a great job with keeping their buildings clean as well as making sure that there is always a tenant in the units. I have NOT worked with them personally. They are based in Hyde Park but I see properties that are under their managment all over the south side of Chicago.
I got their info for you. Hope it helps:
Chicago Management Office
1613 East 55th Street, Chicago, IL 60615
Hours: Monday-Saturday: 8-6 Sunday: 11-4
Phone: (773) 548-5077 - Fax: (773) 358-3501
Usually you can only pave an an area that is considered a curb cut, i would contact your city hall and ask them what the setbacks are, if you giove your name and address you have just red flagged yourself. expanding a parking area or driveway you already have would be easier and bring less attention. goo d luck... more
A quick search of the Kenwood, Woodlawn & South Shore areas shows apartment buildings greater than 12 units (on average, 20 unit buildings) are listed at $1.1m but this is too vague an analysis due to unit sizes, location and building type for it to be of any use.
The CAP rate is not listed for each property but a good guideline is to focus on buildings with a CAP rate of at least 6.5-7%.
Please provide a more specific area so that accurate and more detailed information can be provided.
Thank you, Ken.... more
If you are working with a Realtor, she can access the information for you if the sale was an MLS sale.
Otherwise, if the sale occured at least a month ago, you can go to the Cook County Recorder of Deeds website and see the Deed info, which includes the purchase price and grantor/grantees, online: http://www.ccrd.info/CCRD/controller
If you don't have the PIN number, go here first to search for the PIN by address: http://www.cookcountyassessor.com/filings/searchflat//search.asp... more
You should hire a local Realtor to help you. If you go in to new construction with your Realtor, they are often able to save you money PLUS the builder pays them. At this point, you can either go back to the builder and tell them you have a Realtor....if they say they won't cooperate, move on. Or...pay a Realtor out of your own pocket.... more