Slideshow Image
Back to National Map

Chicago Office

Refine Your Search

Displaying results 1-5 of 5

Proven Repositioning with Demonstrated Operational Momentum

  • Outsized rent growth opportunity to close 15.3% ($268) average rent gap across 1BR, 2BR and 3BR units between competitive set
  • 6.7% average tradeout on last 10 leases, only $500 total in concessions since January 2026
  • Strong leasing velocity since January with an average of 9 leases/mo totaling 44 leases through the end of May.
  • 113% growth in NOI and 44% growth in EGI since new ownership took over in November 2024, largely driven by 25% increase in occupancy throughout the same period
  • Embedded rent upside – While in-place psf rents sit competitively amongst the comp set, they are 11–19% below the per unit average, leaving meaningful runway for continued growth without pushing rents to the top of the market

    • Favorably Positioned for Stable, Long-Term Cashflow

  • Sheboygan’s severe supply shortage – Only 14 properties (1,325 units, including the Corridor) have been delivered within 10 miles over the past decade, against 8,554 renter-occupied households earning $50K+
  • That gap represents a shortfall of roughly 7,229 units of new construction product, with nothing in the pipeline to close it
  • The Corridor delivers the market’s most modern finishes alongside a comprehensive amenity package – new fitness center, 75% underground parking ratio, private balconies, clubhouse, dog wash, dog park and children’s play area
  • Accretive tax structure – In-place TIF provides 65% incremental reimbursement up to $471,250 annually through 2036, complimented by a favorable tax environment: tax rates have declined year-over-year for four consecutive years, while the assessment ratio has held steady at ~97% over the last three years
  • Continuation of $10 RUBs increases across the property add additional annual income of $27k once fully implemented

    • Durable Micro-Location and Demographics

  • Over 60k jobs within a 30-minute radius to major employers including Aurora Health Care, Kohler, Sargento, and Rockline Industries
  • Average Household Incomes of $94k within a 10-mile radius of the property provide a $44k income cushion
  • Rent-to-income (avg HH income within 10-mile radius) ratio of 18%, highlighting durability of the employment base in Sheboygan
  • 782k sf of retail inventory within 3-miles of the property including major tenants such as Walmart, Target, Home Depot, and Piggly Wiggly
    • ...
    The Corridor
    240 Units
    1436 Green St
    Sheboygan, WI  53081
    Type:  Multifamily
    Posted: 6/16/2026

    The Perfect Time to Invest in Oswego

    • 17.6% population growth in the last 5 years in Oswego | 9.5% growth in Kendall County.
    • Growth of high-earning households is outpacing multifamily supply: - Through 2030, renter-occupied households earning $100k+ are projected to grow by 5–8%, while multifamily inventory growth remains limited at just 0–2%.
    • Offers A-rated schools at a 33% discount to home values compared with nearby suburbs.
    • $850M+ in recent and planned developments, including $700M Metra expansion, $100M cricket stadium, and $50M Megalodome golf facility.

    Favorable Tax Environment Driven by a Growing Tax Base

    • 14.8% decrease in property tax rate over the last 5 years as growth in Oswego’s tax base continues to outpace the levy, resulting in consistently lower tax rates YOY.
    • 16% average reduction in tax bills between 2019–2024 across stabilized multifamily properties in Oswego.
    • Continued development in Oswego supports trends as national homebuilders like Lennar and DR Horton provide a “stamp of approval” with large for-sale projects, further expanding the tax base.

    Uniquely Differentiated Direct Access Rental Product Catering to High Earning HHs

    • Positioned as the only newer construction, direct-access community in the market, appealing to both young families and young professionals due to a diverse unit mix.
    • Other comps in the submarket are either BTR properties with heavy 2BR+ unit concentrations, 15+ years older, or shared access.
    • Tenant Avg HH Incomes of $138k (nearly 6x average rent), and 42% of residents aged 19–34.

    Unmatched Connectivity: Premier Retail-Adjacent Location with Access to Top Employers

    • 2.2M SF of retail within 5-min drive and direct-access to retail on-site via walking path providing tenants with proximate access to a full range of retailers such as Walmart, Orangetheory, Target, and Starbucks.
    • 315k Jobs within 30 min drive – major employers include Rush Copely Medical Center, DHL, and Advocate Healthcare.
    • Population of 200k people within a 5-mi radius – comparable to Naperville and Wheaton, and greater than St. Charles, Plainfield, and Romeoville.
    ...
    Under LOI
    Springs at Oswego
    280 Units
    801 Fifth Street
    Oswego, IL  60543
    Type:  Multifamily
    Posted: 4/8/2026

    The Ivy at Piccadilly and The Ivy at Fairfax present a rare opportunity to acquire two recently renovated workforce housing communities totaling 167 units in the heart of Hyde Park, one of Chicago’s most iconic and highly desirable neighborhoods. Strategically positioned in an excellent microlocation, the properties offer unparalleled proximity to the University of Chicago, as well as convenient access to national retailers including Whole Foods, Target, and OrangeTheory Fitness.

    Residents enjoy exceptional connectivity, with the Metra Electric Line providing a 15-minute commute to downtown Chicago, and Lake Shore Drive just minutes away, offering a quick 15-minute drive into the CBD. The location also provides access to 1.5 million jobs within a 30-minute drive, reinforcing Hyde Park’s appeal as a dynamic location for commuters..

    With a Walk Score of 94 and Bike Score of 88, the properties deliver a highly walkable and bike-friendly lifestyle, surrounded by parks, lakefront trails, and neighborhood amenities. The Ivy at Piccadilly, originally constructed in 1920 as a historic hotel, and The Ivy at Fairfax, also built in 1920, have both undergone significant renovations, blending classic architectural character with modern finishes. Featuring larger floor plans that cater to the “missing middle” demographic, these communities provide attainable housing options without competing with top-of-market new construction.

    ...
    Hyde Park 2-Pack (2 properties, 167 units)
    Ivy at Fairfax
    90 Units
    1369 E Hyde Park Blvd
    Chicago, IL  60615
    Type:  Multifamily
    Posted: 1/14/2026

    The Ivy at Piccadilly and The Ivy at Fairfax present a rare opportunity to acquire two recently renovated workforce housing communities totaling 167 units in the heart of Hyde Park, one of Chicago’s most iconic and highly desirable neighborhoods. Strategically positioned in an excellent microlocation, the properties offer unparalleled proximity to the University of Chicago, as well as convenient access to national retailers including Whole Foods, Target, and OrangeTheory Fitness.

    Residents enjoy exceptional connectivity, with the Metra Electric Line providing a 15-minute commute to downtown Chicago, and Lake Shore Drive just minutes away, offering a quick 15-minute drive into the CBD. The location also provides access to 1.5 million jobs within a 30-minute drive, reinforcing Hyde Park’s appeal as a dynamic location for commuters..

    With a Walk Score of 94 and Bike Score of 88, the properties deliver a highly walkable and bike-friendly lifestyle, surrounded by parks, lakefront trails, and neighborhood amenities. The Ivy at Piccadilly, originally constructed in 1920 as a historic hotel, and The Ivy at Fairfax, also built in 1920, have both undergone significant renovations, blending classic architectural character with modern finishes. Featuring larger floor plans that cater to the “missing middle” demographic, these communities provide attainable housing options without competing with top-of-market new construction.

    ...
    Hyde Park 2-Pack (2 properties, 167 units)
    Ivy at Picadilly
    77 Units
    5107 S Blackstone Ave
    Chicago, IL  60615
    Type:  Multifamily
    Posted: 1/14/2026

    Strategically positioned between Jackson Boulevard, Green Street, and Halsted Street, 309 S Green Street sits at the heart of the West Loop–Fulton Market submarket, Chicago’s most desirable and highest performing urban neighborhood. This prime location is just blocks from Downtown Chicago, University of Illinois Chicago campus, Randolph Street’s famed Restaurant Row, major corporate headquarters, and the CTA Blue Line, offering unmatched accessibility and visibility for future multifamily development.

  • Prime Location: Within a 15-minute walk to the Loop and less than 7 minutes via train, bike, or car, offering seamless connectivity to Chicago’s business core. (94 Walk Score)
  • Market-Leading Performance: The West Loop–Fulton Market submarket leads all of Downtown Chicago in multifamily performance, with 6.0% rent growth and an average occupancy of 97.8%
  • Employment Hub: West Loop/Fulton Market is downtown’s leader in office leasing activity, reflecting growing corporate presence and the back to work in person ethos and strong employment-driven rental demand
  • Affluent, Young Professional Tenant Base: Within 0.25 miles, average household income is $191K, with 74% of households earning over $100K and 32% of residents aged 25–34
  • Zoning: Based on PD 1554, the site is currently zoned for 362 Units; 36 stories; 20% ARO - 12 units at 80% AMI, 12 units at 70% AMI, 24 units at 60% AMI, 12 units at 50% AMI, 12 units at 40% AMI
  • Resilient Urban Demand: Multifamily fundamentals remain strong with less than 500 units being delivered per year in the next three years. The average number of delivered units is +/-3,500 units a year
    • ...
    309 S Green St
       
    309 South Green Street
    Chicgo, IL  60661
    Type:  Land
    Posted: 8/18/2025