While not exactly the buy 1 get 1 free special that you might find at your local grocery store, there might be opportunities for you to take advantage of the benefits of owning one of the many two flats that make up Chicago-lands housing inventory.
Benefits include:
- Ability to rent out the second unit
- Option to convert the 2 flat to a single family home down the road
- Easy financing options
Challenges include:
- Time and money spent leasing, managing and repairing the rental unit
Overall we are big fans of two flats, and currently have a great one listed for sale in Clarendon Hills.
To determine if a two-flat makes sense for you, contact your Vranas Properties Account Executive today for a free initial consultation.
More information on two-flats can be found in recent articles in the Chicago Tribune:
Article 1
Article 2
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