Asked by Buy Cheap To Rent, Uptown, Chicago, IL • Mon Apr 4, 2011
Has this building Polo Towers finally upgraded and converted no more green hallways, nasty lobby ceiling or basement ceiling collapsing or water damage? New professional management? I saw 4 foreclosures and a short sale go from 63k-128k. There is 189 units I have seen 88 on sale for 13 million on loop net.com on sale from 1-11-10 to present with a breakdown of 156k based on that price. I believe the assessments are $200. Would it be a good time to buy as a rental? And at what price...909 is listed at 99k foreclosure? 720 F Gordon Terrace and 4170 N Marine Dr have some their buildings are why nicer and presentable hallways etc.... My lender told me cash for sure in Polo Tower because of the ratio of rentals to owners. I was also told the reserves were like $25k which 4170 were near a million. The lender said that reserve is to low for a building with 189 units. I guess 4180 has had some burglaries and 4170 none and 720 had no comment. Would it be worth buying in the cheaper Polo Tower f
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