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

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

North Chicago rental properties make a great investment income, but having to pay large down payments for North Chicago (IL) property can eat up capital you may need for future repairs or North Chicago (IL) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your North 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 North Chicago (IL) property for any bank holding or liens.