 East Superior Real Estate Partners is excited to include you on our Q4 2024 newsletter! It’s a bustling time with Fed decreasing rates 0.50%, our latest ESRE acquisition off to a great start, and the ESRE Office Tour & Happy Hour coming up on October 10th!  June 2024 Acquisition in Uptown is Off to a Great Start! Strong financial start for this Chicago deal with 3.62% interest rate assumable loan secured, all 30 units currently occupied, and preferred vendors in-place providing cost savings on items like recycling and insurance. We improved building common areas within first month of ownership including modern signage & décor at entranceway, freshly painted stairwells, and installation of high-speed Wi-Fi. Our tree-lined, one-way road was also nicely repaved, Argyle Night Market had a great summer season, and progress continues being made for the new Argyle train station to open in 2025.     1.2% of current housing supply under construction in Chicago is the lowest in the country: a fraction of the 3.9% average for the other Top 20 markets. 2.4% Chicago rent growth is 3x the 0.8% average, and vacancy is healthy at 5.4% compared to the 7.6% average. Our target neighborhoods in Chicago continue growing & attracting new residents – We expect Chicago and other Midwest growth markets to outperform areas like Phoenix and Sunbelt markets facing hypersupply.  
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Copyright© 2024. East Superior Real Estate Partners, LLC. All rights reserved. Information on this site is proprietary and may not to be reproduced, transferred, or distributed in any form without prior written permission from East Superior Real Estate Partners, LLC. It is delivered on an “as is” basis without warranty or liability.
Copyright© 2024. East Superior Real Estate Partners, LLC. All rights reserved. Information on this site is proprietary and may not to be reproduced, transferred, or distributed in any form without prior written permission from East Superior Real Estate Partners, LLC. It is delivered on an “as is” basis without warranty or liability.