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

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

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