Chicago Property Management Blog

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 d...

As investors ourselves, throughout many markets and class types, our primary goal is to attract and retain the best tenant possible for our properties.The “Best Tenant” can be defined by qualifications on their application, potential willingness to stay for a longer term, and/or ability to be a satisfied resident when we, as the Landlord, successfully perform the duties as required by the lease agreement. (We try to avoid hi...

For a potential investor, there are many property investment options available. These options vary in the rate of return and the degree of risk involved. Real Estate has long been a favorite for investors wishing to grow their wealth and it’s easy to see why.There are countless reasons for property being a sound investment for a potential investor – here are 5 of the most important ones:1. Inflation hedgeEvery investor looks...

Have you ever looked at your significant other and wanted to build an empire with them? That’s exactly what Nicky and RJ De Leon have been doing since the early days of their relationship. Today, they tell their story from start to current day, diving into how they had all those hard conversations about deciding on the first location, getting on the same page as your partner and so on. Since that initial househack, they moved...

In order to provide an incentive for property owners to utilize the CHA voucher program in “Mobility Areas,” the Chicago Housing Authority has implemented a series of benefits or incentives for property owners who are looking to participate in the Program.The primary objective of this program is to make it easier for voucher holders to move into neighborhoods with low levels of poverty and less violent crime, and where renta...

Luminita Ispas has been a determined and successful investor, broker, and coach in Chicago for two decades. As someone who lost it all and gained it all back, she has some pointers to share with our community. Podcast key points:How important is it to be an agent if you’re an investorFinancial education for investorsEarly mistakes to avoid as a first time investorWest Side neighborhoods to pay attention toLand vs. Rehab proje...

ROSELLE, March 16, 2021 – Inc. magazine has revealed that GC Realty & Development LLC., is No. 173 on its 2021 Inc. 5000 Regionals: Midwest list. This list is the most prestigious ranking of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, where the company ranked 2,861...

With more than 50,000 real estate brokers in Illinois and over 1.4 million across the county, it’s hard to believe that very few of these brokers can and are willing to work with real estate investors. A specialist that can assist an investor in growing their real estate portfolio is much different than an agent who practices common real estate.To be an investment-minded real estate broker, you must first possess specific kno...

You’re probably not surprised to hear that Section 8 tenants carry a wide variety of stereotypes, but it’s important to remember that while any group has its bad apples, stereotypes are not broadly applicable. Many fear what they don’t understand. That’s exactly why we put together this round table discussion with two other great CHA section 8 property managers. On the new episode of the Straight Up Chi...

In December 2020, the long awaited ADU Ordinance finally passed, but only as a 3 year program and only in a select few areas of the city.  The ordinance allows property owners to add one or more dwelling units to their houses and vacant lots without needing a zoning change.  The ordinance focuses on these new units being “affordable”, which is intended to provide a new source of affordable housing.Rogers Park Build...