On January 14, 2022, Chi Equities entered under contract for a new property in East Humboldt Park. The information on the deal is as follows:
Number of Units: 7
Number of Floors: 4
Unit Composition: 2BR/1BA
Expected ROI: Under 5 years
How we found it: Work around the areas you know! This property is just around the corner of another property owned by Louie Santiago.
What we like about it: This building is fully-occupied, meaning it is immediately cash-flow positive. We are also expecting the appraisal value to be much higher than the purchase price. In addition, the units are very well appointed and updated, making this a great place to rent.
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