Is Declining Inventory and Stiff Competition Holding You Back?

Is Declining Inventory and Stiff Competition Holding You Back?

New and experienced investors alike are hitting road blocks in the current market, i.e. lack of inventory and increased competition on all fronts.  These investors have money to deploy and goals to achieve but limited opportunities in the current market.   

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West Town: 1 Neighborhood, 5 Great Real Estate Buys

West Town:  1 Neighborhood, 5 Great Real Estate Buys

The West Town neighborhood is more of an overlay neighborhood that is comprised of a few smaller and very popular sub-neighborhoods (parts of Ukrainian Village, Bucktown, Wicker Park, Humbolt Park and East Village).  Property values vary widely across the area but it is highly sought after due to proximity to the Loop, public transportation and the great mix of bars, restaurants and nightlife. 

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Using Padmapper.com to determine market rents

Using Padmapper.com to determine market rents

Chicago apartment landlords continue to benefit from weak real estate market.  Rents are up again at Class A and Class B properties in Downtown Chicago.  Class A is now averaging $2.50/sf and Class B $2.10/sf according to Appraisal Research.  Asking rents at some Class A properties are over $3/sf.

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Property Inspection: Considerations for choosing an inspection service

A building inspection can make or break a deal and for good reason. When you purchase multifamily property, it's important to write an inspection contingency into the contract even if you intend to rehab the property. Taking the time to properly inspect the property can save you from overpaying or making a bad buy.

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