Short Sale: More than 50% Below the 2007 Price in Belmont Cragin: 2516 N. Lotus
We’ve been chattering about cash flow for multi-unit buildings like this brick 2-flat at 2516 N. Lotus in the Belmont Cragin neighborhood (near the Brickyard Mall) on the city’s Northwest Side.
The listing says it’s a “short sale”.
It’s listed $205,100 under its 2007 purchase price.
Will this property ultimately sell for less than its 1999 purchase price? If so- […]