Results for ‘Rehabbing’ category

What chutzpah!

Have been following a listing in Highland Park for a little while and wanted to share it with you all.* It’s a decent-size deal in a good area at a somewhat reasonable price. So, what’s the big deal? If you dig into the listing info, you will see that the building has an underground parking area, which is

363 S Leslie is fully leased

You may remember 363 S Leslie, a 4plex we recently completed in Highland Park. Here’s a pic to jog your memory: Am happy to report that leasing is done. Better yet: Our rents came in materially higher than we originally pro forma’d. So, instead of the 6.3% unlevered yield we expected out of the property, I

Another new one in Highland Park

Just finishing up another building in Highland Park that I think might interest some of you. Unlike many of the apartment buildings we renovate, this one was built by someone who cared about the people who would live there. The ceilings are pretty high, the units have a ton of light, there is parking and

Now leasing: 363 S. Leslie Way

Thought you would appreciate seeing some pics of our latest project, 363 S. Leslie Way, a fourplex we just finished renovating in Highland Park. Now, obviously, doing fourplexes is not an efficient way for us to put out capital. But our partner was in a 1031 exchange, the clock was ticking, and we liked the deal.

Some thoughts on windows (zzzzz….)

Today, I want to talk about windows. Still here? Good. Windows are a controversial part of the repositioning process. Replacing them is pretty expensive (on the order to $400-500 / window) and, while new windows open / close easily and look nice, no one ever rented an apartment because of the windows. Still, we intend

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