Chicagoland is home to an enormous real estate market that includes an equally large amount of sub markets. Anthony Citriglia, of Essex Realty’s, has a submarket that covers many of the near north and near northwest suburbs. Here he breaks down exactly what those markets are like, how they differ from the actual city of Chicago, and how they differ from each other.
Following the post-war boom, cheaper access to cars and the development of several Metra lines meant tons of development throughout the 50’s-80’s. Most of these still remain owned by mom & pop Landlords. Find out what it takes to succeed in these markets as Anthony drops street-level knowledge including typical price-per door, the dividing lines where this pricing adjusts, tenant expectations, and the physical housing stock.
Podcast key points:
- What is the market environment in the Suburbs vs. City of Chicago
- How do property taxes change when you jump over the city limits
- What is the housing stock in the North Suburbs?
- Insider knowledge on Niles, Evanston, Skokie
- California style building trade explained
As a property management company in Chicago, we at GC Realty & Development, LLC, are investors ourselves. Each employee of GCR&D are Chicago Property Managers and Landlords themselves, and understand how to manage properties from the owner’s perspective. Get in touch with one of our experts to answer any questions and maximize your rental property profits.
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