Chicago (IL) commercial apartment / condominium building for lease, Chicago (IL) commercial real estate for lease or rent

A Chicago apartment or condominium building for lease may be available from an owner in Chicago (IL) who doesn't want to sell because of tax reasons, and doesn't want the continued responsibility of day to day running the operation. Understand the motivation of the Chicago (IL) owner and make sure the numbers work.

Chicago rental properties make a great investment income, but having to pay large down payments for Chicago (IL) property can eat up capital you may need for future repairs or Chicago (IL) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Chicago (IL) property and finance via bank loans at a later date. Have a good lawyer write up your real estate contract to protect your future plans, and research the Chicago (IL) property for any bank holding or liens.