In helping investors buy buildings I almost always preview the property first with out  taking my client.  Recently I went and reviewed a six flat near the Western Blue Line stop that seemed to have promise.  It sits on a park and a good street not to mention the building is 48 feet wide.

It was a rather disappointing showing as the property needed way too much work.  Said another way, I can’t imagine that anybody would pay close to $90k per unit for an empty building that needs a heavy rehab. 

At least I l got good laugh out of the deal as the listing agent had the gall to say he had an offer already; probably from a condo converter.