Multiple Deals in Chicago

I have multiple deals in Chicago and am looking for serious buyers that want instant equity in properties. I also have a list of tennants if needed.

thanks,
Ashley

Edited: 06/26/2010 at 08:17AM by Administrator : Contact info must be contained in your signature. We've removed it from the post itself.

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

10630 posts
46531 Influence
24 Awards

Icon_minipost May 24 '09, 12:22 AM

Can you tell us about some of these deals? Perhaps people might show more interest if they knew what you had to offer? Thanks.

Edited: 06/26/2010 at 08:19AM

Joshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/

Richard Lorenzen

Real Estate Investor

53 posts
132 Influence
1 Award

Icon_minipost May 26 '09, 12:44 AM

Ashley- still out there? Post more info, I might be interested.

Edited: 06/26/2010 at 08:20AM

Colon Kelly

Developer · Cary, Illinois

2 posts
8 Influence

Icon_minipost May 26 '09, 04:09 AM

Richard,
We have the following deal in the Chicago land area:
Upscale community, primarily a residential village trying to establish a retail tax base with a downtown/destination development. We have been in contract for 5 years. We have 20 acres and another 22 acres are available on our south border (different seller). This is within the downtown corridor and part of the village development plan. Without going into specifics, we have an agreement with the seller to finance 20% of the sale price with interest payments due quarterly and a balloon payment after 4 years. We have had the benefit of a favorable contract without any time restraints. Hence the 5 years. If you're interested in hearing more, please let us know. We are leaving all options on the table.

Thank you for your time and consideration.

Edited: 06/26/2010 at 08:20AM

Eliott G.

Real Estate Investor · Elgin, Illinois

134 posts
473 Influence
1 Award

Icon_minipost May 26 '09, 04:47 AM

Can you give us further info?
What town, what streets, what blocks?

Your vagueness does not help those who may be interested.

please be specific so we can determine if it is "swampland" or a good deal! :)

Edited: 06/26/2010 at 08:20AM

Tim W.

Real Estate Investor · Indiana, Indiana

4333 posts
23859 Influence
13 Awards

Icon_minipost May 26 '09, 07:43 AM

Originally posted by Eliott Grigg

so we can determine if it is "swampland" or a good deal! :)

All of Chicago was at one point. Big puddle right next to it constantly soaking the ground. :wink:

Edited: 06/26/2010 at 08:20AM

Colon Kelly

Developer · Cary, Illinois

2 posts
8 Influence

Icon_minipost May 26 '09, 09:44 AM

Sorry about the vagueness. Some what new to this site. After following this village for the last 6 years, we seem to know it very well though.

It is at Krueger Road and Midlothian Road in Hawthorn Woods, IL. Our Phase I Environmental and Preliminary Soils Exploration confirm that it isn't "swampland". (:

This village has a new Mayor that wants development in the "Midlothian Corridor" and will be open to suggestions. The previous Mayor had a tendency to turn away potential projects and/or make it extremely difficult to move forward. We met with the new Mayor on Friday and he is a business person that is bringing a business mentality to the village. Quite refreshing to say the least.

If you go to the following web page, you will see the previous administrations downtown planning.

http://www.vhw.org/Midlothian%20Corridor%20Plan%2010-20-05.pdf

This plan was developed to give developers an idea of what to expect from the village. These are only soft guide lines to the downtown development. The new Mayor said quality is really the only thing required with planning and they will be open to basically everything at this point in time.

If you need more information at this time, please just let me know. I can basically answer any question about the village off the top of my head, but if I can't I have easy access to our resources.

Thank you again for your time.
Colon

Edited: 06/26/2010 at 08:20AM

Neil Thakkar

Real Estate Investor · Chicago, Illinois

16 posts
-103 Influence

Icon_minipost Jun 30 '09, 09:26 AM

I also have deals in Chicago as well. Just thought I would put this on here. I have properties that are already cash flowing and then I also have properties that are under rehab as well. We currently buy and sell single family houses and multi units. What type of deals are you looking for?

Edited: 06/26/2010 at 08:48AM