How Braddock Helped a Burnt-Out Bridgeport Landlord Sell a 6-Unit Without Repairs or More Tenant Stress

Case Study Snapshot

• Property Type: Brick 6-unit apartment building
• Neighborhood: Bridgeport, Chicago
• Seller Situation: Burnt-out long-time landlord ready to retire
• Challenges: Slow-paying / non-paying tenants, heavy deferred maintenance, full gut rehab needed
• Outcome: Direct sale, cash out, no repairs, no more tenant management

This Bridgeport brick 6-unit came from a landlord who had owned the building for more than 30 years. By the time he reached out to us, he was older, ready to retire, and tired of dealing with the day-to-day problems that had built up over time.

Several tenants were not paying rent consistently, while others were regularly slow to pay. On top of the rent issues, the building needed extensive work. This was not a light cosmetic update. It required a complete gut rehab down to the studs, along with major maintenance and renovation throughout the property.

The seller had received several letters from Braddock Investment Group over the years and eventually decided to contact us to see whether we would be interested in buying the building. After a few conversations and a walkthrough of the property, we were able to come to an agreement that worked for everyone.

For the seller and his wife, the sale meant more than just getting cash out of the property. It meant finally letting go of the stress, uncertainty, and responsibility that came with managing difficult tenants and a building in need of major repairs. They were happy to move on, and they appreciated that we handled the process professionally and worked with them in a way that felt fair and straightforward.

For Braddock, this was exactly the kind of situation we help solve: long-time Chicago landlords who are ready to exit a property without listing it, making repairs, or continuing to deal with tenant issues.

Own a Chicago rental property with bad tenants or major repairs?
Braddock Investment Group buys multifamily and rental properties in as-is condition, including buildings with non-paying tenants, deferred maintenance, and long-time landlord issues. [Contact us here] or learn more about how we buy houses and multifamily properties in Chicago.

Go here to see more Chicago Seller Stories or learn more about Braddock Investment Group’s services, visit www.braddockinvestmentgroup.com.