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Originally Posted by the urban politician
Also, I don’t know what it is about Hyde Park but almost nothing from a multiunit standpoint ever goes on sale in this hood. Too bad, because I would love to own something here.
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I think the vast majority of the older multi-unit buildings are either owned by management companies or were split up into condos. A lot of the latter were fucked by 2008. I tried to buy in one building where we didn't learn that one person owned ~80% of the units until the financing was in progress.
I also saw quite a few buildings that needed full overhauls but had been sitting empty since the crash, including one where the roof was completely fucked but they were still trying to sell off the units anyway.