A 2-flat that became a legal 4-unit
800 block · S Miller St, Chicago · Bought July 2022
- Found off-market. Code research showed it could legally become 4 units, which the seller didn't know.
- Managed the full gut renovation: materials, crews, bank inspections and a new floor plan.
- I was the buyer's agent, project manager and an investor. I put my commission and fees into the property's equity.
- Purchase
- $500K
- Renovation
- $500K
- Monthly income
- $11K
- Cap rate
- 12%
- Estimated value
- $1.35M
- Equity created
- +$350K












