We have a proven track-record of purchasing, renovating, increasing rents (when needed), and selling or refinancing for a substantial profit. Our process includes:
- Identify off-market or distressed properties using our professional network
- Analyze investment profitability and financials of subject property
- Finance property through established relationships with local banks
- Construct using our in-house general contractor, minimizing costs and completing project efficiently
- Sale / Refinance using in-house real estate broker to maximize margins
The following are a few case studies of value-add developments, including multi-family, single-family and condominiums throughout the Chicagoland area.
155 Harbor Dr. - Lake Shore East
- Purchase Price: $367,000
- Construction Cost: $80,000
- Construction Time: 12 Weeks
- Purchase and Sale Closing Costs: $50,000
- Sale Price: $648,000
- Market Time: 7 Days
1960 Lincoln Park West - Lincoln Park
- Purchase Price: $130,000
- Construction Cost: $40,000
- Construction Time: 7 Weeks
- Closing Costs: $30,000
- Sale Price: $295,000
- Market Time: 2 Days
1527 N. Claremont Ave - 4 Unit Building - Wicker Park
- 2013 Purchase Price: $560,000
- Construction Cost: $150,000
- 2015 Appraised Value: $1,200,000
- Monthly Income: $8,300
- Positive Cash Flow Per Month: $3,000
4701 W. Berenice - Old Irving Park
- Purchase Price: $240,000
- Construction Cost: $80,000
- Construction Time: 14 Weeks
- Closing Costs: $35,000
- Sale Price: $420,000
- Market Time: 30 Days
625 N. Oak Park Ave - 2 Unit Building - Oak Park
- 2015 Purchase Price: $625,000
- Construction Cost: $100,000
- 2015 Appraised Value: $775,000
- Monthly Income: $5,800
- Positive Cash Flow Per Month: $1,800
1550 Lake Shore DrIve - Gold Coast
- Purchase Price: $181,000
- Construction Cost: $35,000
- Construction Time: 6 Weeks
- Closing Costs: $25,000
- Sale Price: $271,000
- Market Time: 60 Days
1640 Maple - Client Owned - Evanston
- Purchase Price: N/A
- Construction Cost: $32,000
- Construction Time: 4 Weeks
- Sale Price: $490,000
- Market Time: 5 Days
2631 N. Sacramento - 3 Unit Building - Logan Square
- 2014 Purchase Price: $530,000
- Construction Cost: $70,000
- 2014 Appraised Value: $725,000
- Monthly Income: $4,300
- Positive Cash Flow Per Month: $1,300