investment brokerage in chicago
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.
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 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.
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.