Childs Development recently acquired a prime Wicker Park site at 2122 W Crystal Street and plans to replace the aging church with a new 6-unit condominium building. Built on an extra-wide lot, the units will feature expansive 3-bedroom/2-bath simplex units and 3-bedroom/2.5-bath duplex units.
Breaking ground in early 2018, 3032 W. Lyndale Street in Logan Square will offer a total of six units ranging from two-level, 4-bedroom duplex units with 2-car garages to 3-bedroom single-floor units with garage roof-decks and building roof-decks (per plan).
Volo Development presents 877 North Marshfield, a 3-unit condominium project in the HOT West Town neighborhood of Chicago. Built on an over-sized 130’ deep lot, these homes feature 2-3 bedrooms, high-end finishes and quality construction throughout.
Contemporary Concepts Development is nearing completion of a brand new, 3-unit condo building, located at 3508 N Reta Avenue, in the Lakeview neighborhood of Chicago. The building consists of two 4-bedroom duplex homes and one 2-bedroom simplex home.
Volo Development recently broke ground on a luxury 2-unit condo building located at 1634 W. Augusta, in the West Town neighborhood of Chicago. Both homes will have 3 bedrooms and 2.5 baths on two levels.
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 a tear down house. If you own an older single-family home where the highest and best use for the property could be to tear it down and rebuild, you might be wondering how to sell the house or whom to sell to.
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.
A new condo project is scheduled to begin construction in mid 2014 at 2922 N. Sheffield, Chicago. The 4-story building will consist of (2) duplex homes and (1) simplex home. The all brick building will feature front balconies and columns that will match nicely with the current architecture of the block.
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 like it has been since early 2012, 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. Early in the cycle, Sellers are pleased with quick sales at or near full list price. As the market strengthens, bidding typically becomes more aggressive and properties will frequently sell over list price.
The podcast medium is blowing up. That's a good thing for all of us who want practical insight from experts in various fields of interest, especially real estate, where trade secrets have historically filtered down through guru's, selling overpriced and over-hyped get rich quick programs and books, instead of from real world investors who are out there in the trenches, keeping the dream alive.
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. These loans also provide an alternate source of funds for investors who cannot qualify for traditional loans or for those who concentrate on projects that are difficult to get funded through conventional sources of financing.
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.
When you borrow on margin, you are pledging securities like stocks and bonds in your brokerage account to obtain loans from the brokerage firm. Typically, these borrowed funds can be used at the discretion of the borrower.
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.
The low hanging fruit has been purged from the market throughout most of the north side neighborhoods in Chicago (not counting the shadow inventory of REO properties that will filter into the market for years to come, albeit at higher valuations). Investors in the market today are continuously finding themselves in a Battle Royale for good buying opportunities. So where should you look to buy in the current market and should appreciation play into your investment analysis?
2013 remodel. 100% new interior construction of early 1900's 2-flat in Irving Park. First floor owner's unit with 4 bedrooms / 3 full baths on 2 levels. Upgrades include all new kitchens, baths, electric, plumbing, windows, roof, heating/cooling, tuck-pointing and
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.
The market for residential multifamily apartment buildings in Logan Square, Chicago remains very tight in early 2013. Properties of all types from distressed to arm-chair investments are moving quickly. Demand is outstripping supply to such an extent that the Average Sale Price to List Price ratio has been nearly 100% or above since August of 2012.