Homeward Bound - North

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Live for free in North Chicago?

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Joe Zekas

20 years on the North Shore without going native.

4-flat in North Chicago, Illinois

If you can keep 3 of the 2-bedroom units in this North Chicago 4-flat fully-rented at the listed rents you should be able to live free in the fourth, and also pocket a small return on your equity besides. All of the units in the single-story property have tenant-paid utilities.

On the surface this appears to be a great deal - but, the fact that it's been on the market for nearly a year indicates that there may be something lurking beneath the surface.

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