integrated real estate services in chicago, il
With business lines in property management, residential leasing, investment brokerage, construction and distressed real estate services, we offer contemporary solutions for owners of investment real estate.
Integrated Services. Exceptional People. Unparalleled Results.
33 Realty and Cubed Construction comprise Chicago's leading provider of integrated real estate services. Whether we are managing and leasing your luxury apartment building or helping you extract value through a renovation of your building, we are uncompromised in our focus; your asset is our responsibility.
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Services We Offer
about The Company
At our inception in 2009, we were forced to navigate through the wreckage imposed by the 2008 housing crisis. We saw service providers abandoning the market and knew clients were in desperate need of reliable operators for their real estate. We also understood that to fully optimize a real estate investment we’d have be experts across all service lines. We’ve spent every day since our first building and endlessly working to perfect the integrated services model that has become 33 & Cubed Construction.
our professional team
Kelly grew up in the Suburbs of Chicago and has lived in Chicagoland all of her life. Prior to being a property manager, she was a Guest Service Manager for a furnished apartment company. While in this position, Kelly became interested in learning the unfurnished side of the business. Kelly strives to provide a comfortable living environment for all our residents. She's excited about the growth 33 has achieved in the time she's been with the company, and the new projects they're awarded. In her free time, Kelly enjoys reading, listening to crime podcasts, attending concerts, and spending time with her family and friends.
Kelly is a big fan of Snoopy and the Peanuts gang, and has over 100 pieces of memorabilia.
Chicago Flats Leasing
After a challenging leasing season, developer Golub & Company turned over leasing responsibilities for their 110-unit, 8- building portfolio to 33. 33 was tasked with recalibrating rents and implementing a new leasing strategy to bring the portfolio close to full occupancy.
Chicago Multifamily Portfolio Sale
In the early fall of 2017, 33 Realty was given the green light to shop a South Side portfolio consisting of 13 Buildings. The properties were scattered throughout 5 different neighborhoods. The buildings had been well maintained and offered an ideal add value in kitchen and bath updates, without major capital expenditures needing to be done.
Chicago Multifamily Sale
In the Spring of 2018, 33 was hired to sell this multifamily building on Chicago’s Northside. Comprising 16 residential units and 1 retail space, the building faced reasonably significant deferred maintenance and the units were in desperate need of upgrades.
Crossfit Gym Buildout
Cubed was approached by the owner of a successful crossfit gym located in River North to build out his second location on Chicago’s West Side. A vacant warehouse space was converted to a state-of-the-art gym with a variety of custom components.
Distressed Chicago High-Rise
In 2013, 33 was approached by a West Coast-based hedge fund, Sabal, to take over this distressed luxury high rise in Chicago’s South Loop. The property was acquired by Sabal through a loan portfolio acquisition and was one of the many properties in the portfolio that Sabal had 33 operate.
Garden-Style Apartment Complex
Cubed teams traveled to Elkhart, IN to renovate the grounds, buildings and units at this rundown apartment complex. The property was transformed to create one of the only luxury apartment communities in the City of Elkhart.
Historic Jeweler’s Row Building
Cubed was awarded this renovation of a historically landmarked building in the heart of Chicago’s Jeweler’s Row. The building was converted from office space to 39 luxury, short-term stay hotel units.
Luxury Apartment Building
One of the largest private NY-based real estate developers hired Cubed to contemporize this dilapidated building that contained a mix of studios and 1-beds and unused amenity space. Ownership engaged Cubed in the preconstruction phase to help design the units and value-engineer the building.
Ponzi Scheme Portfolio Takeover
In September of 2019, 33 was appointed by N. Neville Reid of Fox, Swibel in the SEC’s case alleging a Ponzi scheme against Northridge Holdings, Ltd, owner of a large residential and office portfolio across Chicago and the surrounding suburbs, to assume management, leasing, preservation and brokerage responsibilities for the portfolio.
Rogers Park Courtyard Building
33 Management was hired to manage this vintage courtyard apartment building in Chicago’s Rogers Park neighborhood. The property had been severely mismanaged by the prior property manager 33 was brought in to stabilize expenses, eliminate vacancy and boost collections.
Scattered Site REO Portfolio
In 2014, 33 was hired by the Bank of Hope, a West Coast bank to manage their entire portfolio of REO properties in the Chicagoland area. The properties were a mix of retail, office and warehouse and were inherited by the Bank of Hope when they acquired a variety of small local banks. 33 continues to manage the portfolio in 2021.
Suburban Branding / Leasing Projects
In collaboration with 3 different equity groups, 33 was asked to rebrand and lease-up 5 garden-style, gut renovated properties located throughout Illinois and Indiana. Each brand was created by our in-house marketing team and our leasing team was awarded exclusive lease-up and ongoing leasing for the properties.
Suburban Deconversion Property Management
33 took over management of this fractured 14-building condo complex in the heart of Glen Ellyn, IL. Consisting of 60 townhomes, 48 were acquired in a bulk sale by 33’s client and the client tasked us with coordinating the acquisition of the remaining 12 units.
Suburban Deconversion Sale
In March of 2020, the 33 Realty brokerage team was hired by the Randall Village Condominium Association to execute a deconversion sale of their condo complex. The driving force to list and ultimately sell the complex arose because the property as an apartment complex yielded prices for the unit owners that exceeded the value of their condos on a per unit basis.
Suburban Multifamily Bankruptcy
In September of 2020, 33 was approached to take the stalking horse position in this diversified workforce housing bankruptcy sale. The “Windy City Portfolio” was ultimately sold to a higher bidder, but 33’s involvement as the stalking horse was designed to demonstrate to the market that reliable operators were assigning significant value to the properties.
Suburban Multifamily Portfolio
In late 2019, 33 was hired to sell a five property, 64-unit portfolio of workforce housing apartments located in Belvidere, IL. The properties were located within a 2 mile radius of one another, were well maintained and provided a variety of “value-add” opportunities. Beyond conducting a robust marketing effort, the brokerage team successfully helped prospective buyers quantify the costs to upgrade and project renovated rents.
Suburban Office / Retail Suites
In March of 2012, 33 was engaged to manage this state-of-the-art, mixed-use office suites and retail building. The property was severely mismanaged by the prior owner facing significant vacancy issues and high operating expenses.
The “Trailhead” Luxury Lease-up
LG Development hired 33 Realty in 2020 - 2021 to lease-up this luxury mid-rise apartment building; the first with access to Chicago’s “606 Trail”. Prior to commencing the lease-up, 33 was asked to consult with LG on floor planning, branding and digital marketing campaigns for the development.
Urban Land Sale
In March of 2017, 33 procured an off-market development site from a private owner that was designated for a Transit Oriented Development (“TOD”). Through our private buyer network we achieved a record price on a Per-Square-Foot (“PSF”) basis for land in the rapidly gentrifying neighborhood of Logan Square.
Wicker Park Luxury Mid-Rise
In December of 2020, a former 33 client approached us to take over their luxury apartment building due to issues with their current management company. The property had low social media reviews, high turnover and was having trouble competing with similar luxury product.
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357 W CHICAGO AVENUE
CHICAGO IL 60654