Quote:
Originally Posted by Investing In Chicago
I own a rental building on Wellington in Lakeview with a friend of mine; it is a 3 unit frame building built in 1889 and we are considering demoing for new construction (friend is a home builder in lakeview/north center), jury still out if we will hold and rent or sell units individually.
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Wait. How can you invest in new construction in Lakeview? How could that be profitable since no one can live there due to the cost/benefits? You've ranted on here more times than I can count that the taxes are too high for it to be viable.
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