Logan Square Multifamily Properties | Client Success Stories
As a Real Estate Investment Advisor in the Multi-Family market in Chicago, I specialize in helping clients find and purchase income producing properties that increase in value.
My priority in working with clients is to help them achieve their goals through developing a solid investment strategy.
2 and 3 flats in Logan Square have been in high demand for the last several years.
In the examples below, I helped in the sale and purchase of two income producing properties that generated high returns after the buildings were resold.
1927 N Spaulding, Chicago
Sold: December 20, 2015
Location: 1 1/2 block from 606 Trail - Excellent location!
Sales Price: $462,500
Potential rental income: $60,000 GRI
ARV : $715,000
CAP RATE: 7%
The Seller made improvements to the building, and capitalized on the fact that the Logan Square market was Red Hot and was able to sell for a huge profit 2 years later.
Sold: November 30, 2017
Sales Price: $865,000
2645 W Potomac
Sold: August 06, 2014
Sales Price: $585,000
Location: East Humboldt Park
Potential rental income: $108,000 GRI
The seller made improvements to the apartments and sold for a huge profit.
Sold: July 2018
Sales Price: $1,102,000
Why buy in Logan Square?
The neighborhood is one of the top performing markets in Chicago. On average the properties appreciate 8% annually and the rental market is in high demand averaging $1.7k-$2.9k for 2-3 bedroom apartments. The neighborhood has plenty of activity with new developments, retailers, restaurants and bars which contribute to it's popularity.
Search All Multifamily Homes for sale Here
Share these images. Please include attribution to https://www.chicagorealestatesource.com
Logan Square Neighborhood Association
Carlos Rosa - Alderman 35th Ward
If you are considering buying or selling a multifamily property give me a call at 312-788-7079.
By: Jose Hernandez
Real estate broker with Coldwell Banker - Chicago
Jose Hernandez specializes in multifamily real estate including 2 flats, 3-flats and 4 flats in Chicago's northside and northwest side.