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

A Elgin apartment or condominium building for lease may be available from an owner in Elgin (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 Elgin (IL) owner and make sure the numbers work.

Why lease your Elgin (IL) apartment building and not just buy? It could take up to 30% down payment to make that happen, but with a master lease you can acquire Elgin (IL) investment property for a smaller down payment and fairly lower risk. If you are wanting to eventually purchase the Elgin (IL) property, make sure your lease is drawn up by a capable attorney who knows real estate law thoroughly.