Volo Development’s latest Logan Square project, located at 3014, 3018 and 3022 W Lyndale Street, is bucking the slowing real estate trend in Chicago and selling at a fast clip.

This new construction condo development will consist of three units with prices estimated from $595,000 - $995,000. The homes will range from 2-3 bedrooms. Delivery for summer 2022.

The plans are to replace the existing 2-unit structure with a new single-family home. Built on a 138 foot deep lot, the home will feature 5-bedrooms, 3.5 baths, a full finished basement and big back yard.

Residential real estate developers in Chicago are busy building new construction houses and condos throughout city. The market for tear-down houses and vacant land in Chicago is very competitive in some areas.

This income property pro forma is ideal for evaluating the profit and loss potential for small multifamily properties up to 6 units. Simply input the property details and financials and quickly determine the NOI, Cap Rate, Debt Coverage Ratio, Gross Rent Multiple and Cash on Cash Return.

How to sell your house to a builder. The benefits include selling as-is, no realtor commission to pay, no repairs and no showings.

Though you can't control when or why your tenants eventually move out, you can take steps to ensure the building or worse, you are not the reason for higher than average vacancy rates.  Here's a list of 5 inexpensive ways to reduce tenant turn-over at your rental property.

When is the best time of the year to sell real estate in Chicago?  The answer is anytime, especially in a seller's market.  Every year, sellers go through the same process of trying to time the sale of their houses, condos and income properties.  Historically, the spring and early summer months have been the prime seasons for selling and they still tend to be.  However, there are few fundamental reasons for this tradition to hold, notwithstanding the weather.

When the Chicago real estate market is in high gear, it's common for Sellers to initially price less aggressively at the beginning of the cycle and over aggressively as the cycle matures, just prior to flattening out or declining.

Hard money loans for the acquisition and renovation of residential and commercial investment property allow many real estate investors to move quickly with fewer lender restrictions in a competitive market. 

So, you've decided to sell your property and you want top dollar.  Sounds pretty fair.  As the owner and now seller, you've come to realize that the property is never going to be perfect, there is always something that needs to be fixed or replaced and you have little control over how the tenants maintain their apartments.  These could be reasons why you want to sell in the first place. 

Owning and operating income property is a proven method for creating wealth.  Despite what you might see on late night t.v., real estate is not really a means for getting rich quick and first time investors can easily get in over their heads if they buy the wrong property. Here are 5 red flags to watch out for when you're looking to buy an investment property.

Using margin debt or borrowing against brokerage accounts is back in vogue in 2013.  According to the NYSE, investors borrowed $384.4 billion against their investments in April 2013 eclipsing the previous all time high set in June 2007.  

Chicago has been and continues to be a great city to invest in residential multifamily property.  All levels of investors from mom and pop to professional firms participate in the large market, some with great success.   The 70+ Chicago neighborhoods and differentiated building stock offer many living options to a diverse population.  Here are 5 reasons to invest in Chicago real estate.

Getting into real estate sounds sexy, it’s fun to talk about socially and there’s no shortage of success stories to fuel your dreams of early retirement and a life of riches.  What many fail to realize is that real estate is a hands on business that requires hard work despite the fact that you are trying to create passive income.  Here are 5 profit killers to watch out for.

These recommendations aren't page turners, they don’t tell you how to achieve maximum output with minimum input or romanticize someone’s rags to riches story.  These books cover the basics and take you from a beginner level through an intermediate level of understanding of the basic principles of real estate investing, owning multifamily property and property management. 

Getting into the real estate business to fix up or rehab and flip property sounds great on so many levels.  It can be a good way to make a living if you are successful and do it full time, a way to generate extra income outside of your 9-5, or just fun hobby if you have extra time, money and know-how.

Buyer expectations are really just a product of overall market sentiment. If the general consensus view of the market is positive, negative or neutral, most people who are actively in the market to buy at a given time will act accordingly.  Buyers are certainly not working together but their collective actions produce and reaffirm a herd mentality that becomes a driving force in the market.

You bought an income property, now it’s time to crack the whip and get it into shape.  The sooner this is done, the sooner you can put things on auto pilot.

Multiple bids are back in a big way and not just on distressed and bank owned property. Demand from buyers entering the market is far outstripping supply across many asset classes.  If you’re in the market to purchase income and multifamily property in Chicago and you want to compete, here’s what you need to do.