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Sep 18, 2016looking for partner for commercial property in Elgin, Illinois. PRESENT income $5,000
per month on main level, have plans to convert vacant offices on 2nd and half of 3 rd
floor to 16 apartments with approximate cost $400,000 .Cost of building $690,000.
total $ 1,090,000 projected rents TOTAL with 1st floor commercial $17,800 per month
Need someone with credit for a $810,000 mortgage plus closing costs. 20 per cent down payment my obligation for 40 % ownership. management in place

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