All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Start here
  • Education
    Forums

    Learn from and contribute to 657K+ real estate discussions

    BiggerPockets Podcast

    Listen to weekly interviews with investors & entrepreneurs

    BiggerPockets Blog

    Delve into 8,800+ articles by experienced investors

    Member Blogs

    Read original articles by BiggerPockets members

    Guides

    Master the ins and outs of fundamental real estate topics

    The Money Show

    Listen to weekly interviews that will help get your financial house in order

    Webinars

    Sign up for this week's free webinars hosted by experienced investors or view previously-held webinar recordings in the Archives

    Videos

    Browse our library of real estate related video content

    Free Course

    Experience The Financial Independence Blueprint video series - a free four-part video series

    Topics
    Property Management Property Types Finance Strategy Finding Deals Business Operations
  • Network
    Members

    Search over 1,265,000 members across BiggerPockets

    Companies

    Explore over 31,000 real estate-related companies

    Real Estate Agents

    Find an investor-friendly agent near you

    Hard Money Lenders

    Pinpoint lenders near you with our nationwide database

    Events

    Find upcoming real estate events and meetups near you

    Jobs

    Browse real estate job opportunities in your area

  • Tools

    Calculators

    • Fix and Flip
    • Rental Property
    • BRRRR
    • Rehab Estimator
    • Wholesaling
    • Mortgage Payment
    • 70% Rule
    • Airbnb Calculator

    Services

    Find a Contractor Get a Mortgage Loan Tenant Screening External Link

    Additional Tools

    FilePlace

    Download presentations, spreadsheets, contracts & more

    REI Resources

    Dig into thousands of curated real estate tools & resources

    Calculators
  • Marketplace
    Properties For Sale

    Buy and sell real estate deals or seek out partners, financing, etc.

    Find Foreclosures External Link

    Search this comprehensive database of nationwide foreclosures

    Ads, Jobs, and Other

    Advertise your real estate business, deals, financing & more

  • Bookstore

    Featured Book

    Recession-Proof Real Estate Investing book cover

    Recession-Proof Real Estate Investing

    This easy-to-follow guide will show you how to make money during all of the market’s twists and turns! Accomplished investor J Scott dives into the theory of economic cycles and the real-world strategies for harnessing them to your advantage.

    Get the book now

    Real Estate Books

    • Flipping and Estimating Bundle
    • How to Invest in Real Estate
    • How to Sell Your Home
    • See All Books
    Real Estate Books

    Shop books covering real estate investing and personal finance.

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

    Real Estate Forms

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

  • Plans
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowIllinois Real Estate Q&A Discussion ForumArrowLooking for a Good Commerical Real Estate Agent in Chicago
  • Newest Posts Arrow Down Light
    • Newest Posts
    • Unanswered Discussions
  • Trending Arrow Down Light
    • Top Discussions
    • Trending Discussions
  • Local Real Estate Arrow Down Light
    • Local Real Estate Forums

      Real Estate Forums near you

      • New York City Real Estate Forum 1.3K Posts 191 Discussions
      • Norfolk Real Estate Forum 349 Posts 35 Discussions
      • Baltimore Real Estate Forum 1.8K Posts 223 Discussions
      • Pennsylvania Real Estate Q&A Discussion Forum 2.5K Posts 434 Discussions

      View all Local Real Estate forums

    • General Info
      • Real Estate Success Stories 77K Posts 3.7K Discussions
      • Real Estate Not-So-Successful Stories 523 Posts 41 Discussions
      • BiggerPockets Exclusive PRO Area 16K Posts 3.0K Discussions
      • BiggerPockets Summer Reading List 92 Posts 14 Discussions
      • Real Estate Quizzes 696 Posts 21 Discussions
      • BiggerPockets Money Podcast 675 Posts 50 Discussions
      • New Member Introductions 488K Posts 56K Discussions
      • FAQ Forum 131 Posts 9 Discussions
      • BiggerPockets Webinar Discussion Forum 459 Posts 15 Discussions
      • Questions About BiggerPockets and Official Site Announcements 42K Posts 4.1K Discussions
    • General Real Estate
      • Investor Deal Diaries 17K Posts 863 Discussions
      • Buying & Selling Real Estate Discussion 422K Posts 58K Discussions
      • Renters Discussion 44K Posts 5.1K Discussions
      • Do it Yourself 32K Posts 3.5K Discussions
      • Completed Deal Diaries 5.5K Posts 1.9K Discussions
      • Construction & Remodeling Diaries 6.1K Posts 1.0K Discussions
      • Military Investing 5.4K Posts 530 Discussions
      • Get Foreclosure Help - Stop Foreclosure Forum 6.6K Posts 910 Discussions
      • Home Owner Association (HOA) Issues & Problems Forum 6.2K Posts 908 Discussions
    • Reviews & Feedback
      • Ask About A Real Estate Company 24K Posts 2.7K Discussions
      • Real Estate Deal Analysis and Advice 131K Posts 18K Discussions
      • Real Estate Guru, Book & Course Reviews and Discussions 28K Posts 2.9K Discussions
    • Investor Basics
      • General Real Estate Investing 144K Posts 19K Discussions
      • Starting Out 289K Posts 41K Discussions
      • Real Estate Investor Marketing Help & Advice 46K Posts 6.5K Discussions
      • Investor Psychology 21K Posts 1.6K Discussions
    • Landlord & Tenant Forums
      • Mobile Homes & Mobile Home Park Investing 19K Posts 2.2K Discussions
      • Landlord Forums & Rental Property Questions 357K Posts 39K Discussions
    • Foreclosures
      • General Foreclosure & Pre-Foreclosure Forums 33K Posts 5.1K Discussions
      • REOs 17K Posts 2.2K Discussions
      • Short Sales Questions 17K Posts 2.1K Discussions
      • HUD, VA, and Tax Sales 10K Posts 1.5K Discussions
    • Real Estate Strategies
      • Tax Liens, Notes, Paper, & Cash Flows Discussion 34K Posts 3.9K Discussions
      • Innovative Strategies 27K Posts 3.4K Discussions
      • Rehabbing and House Flipping 110K Posts 13K Discussions
      • Rent to Own a.k.a. Lease Purchase, Lease Options 15K Posts 2.3K Discussions
      • Short-Term and Vacation Rental Discussion 22K Posts 2.0K Discussions
      • Real Estate Wholesaling Questions & Answers 137K Posts 18K Discussions
      • Real Estate Development & New Home Construction 19K Posts 2.6K Discussions
      • 1031 Exchanges 8.7K Posts 1.4K Discussions
    • Commercial Real Estate
      • Multi-Family and Apartment Investing Forums 96K Posts 10.0K Discussions
      • Commercial Real Estate Investing Forum 36K Posts 4.8K Discussions
    • Business Basics
      • Goals, Business Plans & Entities 25K Posts 3.5K Discussions
    • Real Estate Technology and the Internet
      • Real Estate Technology, Social Media & Blogging 16K Posts 2.3K Discussions
    • Loans, Mortgages, Credit Lines
      • Creative Real Estate Financing Forum 50K Posts 7.5K Discussions
      • Real Estate Crowdfunding Forums 5.6K Posts 384 Discussions
      • Private Lending & Conventional Mortgage Advice 105K Posts 14K Discussions
    • Financial, Tax, and Legal
      • Property Insurance Questions & Discussions 11K Posts 1.8K Discussions
      • Personal Finance Forum 18K Posts 2.0K Discussions
      • Tax, Legal Issues, Contracts, Self-Directed IRA 99K Posts 15K Discussions
    • Real Estate Professionals
      • Contractors 18K Posts 3.7K Discussions
      • Bankers, Lenders, and Mortgage Brokers 12K Posts 1.9K Discussions
      • Real Estate Agent Forums 47K Posts 7.0K Discussions
    • Real Estate Marketplace
      • Real Estate Events and Happenings 57K Posts 12K Discussions
      • Marketplace 227K Posts 89K Discussions
    • Off Topic
      • BiggerPockets Real Estate Investing Summit 2.0K Posts 106 Discussions
      • Housing News & Real Estate Market Discussions 15K Posts 1.8K Discussions
      • Off-Topic 43K Posts 5.3K Discussions
Start a Discussion

Looking for a Good Commerical Real Estate Agent in Chicago

9 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
  • 1
Kevinn Harris
  • 53 posts
  • 1 votes

Kevinn Harris
from Carol Stream, Illinois

posted about 4 years ago

Hello all,

I'm trying to get my feet wet in commerical real estate-specifically multifamily properties. Need someone that is reliable, knows areas to avoid, and can provide great and timely feedback. I'm new to this so will likely ask a lot of questions and am not currently located in Illinois.

Any recommendations

Joel Owens
  • 14K posts
  • 8.9K votes

Joel Owens (Moderator) -
Commercial NNN Real Estate Broker & Syndicator from Canton, GA

replied about 4 years ago

Hi Kevinn,

It's good that you were specific and mentioned multifamily.

You need to take it a step further and talk about deal size.

For example there might be many brokers for multifamily but some deal in quad's for 500k and others deal in 100 unit apartment buildings for 6 million etc.

So there is a wide range there you need to narrow down further. Also mentioning if you want a vacant building, 50% occupied value add, or fully stabilized with a great cash flow stream should help. 

Mark Ainley
  • 986 posts
  • 464 votes

Mark Ainley
Developer from Bartlett, IL (Chicago Suburb)

replied about 4 years ago

Tony Hardy from Marcus & Millichap has a great knowledge of deals to be found or Ted Stratman from Interra Realty.  We have bought buildings with both guys.  

Kevinn Harris
  • 53 posts
  • 1 votes

Kevinn Harris
from Carol Stream, Illinois

replied about 4 years ago

@JoelOwens

Great! Thanks for the feedback. I know what to clarify in the future.

In the grand scheme of things I'm new and rather small time! No specific set of units but my limiting factor is captial I'd like to put up for this right now. The ultimate goal right now is cash flow but I'd buy a vacant building if minimal work is needed. Will save value add for when I get experience and have more captial to allocate to this type of investment. I've budgeted 100k. Would like to get into 1 or two lower cost buildings (preferably the ladder) that have a CAP rate of at least 12.50%.

Have excellent credit, make 130k a year and have only one property right now so I can get loans. Buildings with little to no vacany would be better because I can obtain a asset based loans and not have it count against me. Opportunities where sellers are willing to carry a second note for a portion or all of the downpayment would be good too as it would extend the captial I'm working with. 

Kevinn Harris
  • 53 posts
  • 1 votes

Kevinn Harris
from Carol Stream, Illinois

replied about 4 years ago

@Mark Ainley  

Thank you!

Account Closed
  • 332 posts
  • 285 votes

Account Closed

replied about 4 years ago

What size deals?

Kevinn Harris
  • 53 posts
  • 1 votes

Kevinn Harris
from Carol Stream, Illinois

replied about 4 years ago

Account Closed 

A couple of 150k-200k deals or a 325k-375k deal. If some seller financing is involved at some point all numbers can increase.

Account Closed
  • 332 posts
  • 285 votes

Account Closed

replied about 4 years ago

@Kevinn Harris   call Brad Feldman at Interra Realty.

Kevinn Harris
  • 53 posts
  • 1 votes

Kevinn Harris
from Carol Stream, Illinois

replied about 4 years ago

Account Closed 

Great, thank you.

Tony Hardy
  • 114 posts
  • 19 votes

Tony Hardy
Real Estate Professional from Chicago, Illinois

replied almost 4 years ago

Thanks Mark for mentioning me. Seems like a great site. I found it because of your post. We have a ton of inventory, let's talk soon.

  • 1

Top Contributors

Mark Ainley
Mark Ainley
Bartlett, IL (Chicago Suburb)
6.43
Score

Trending Discussions

  • Why aren't realtors investing?
    123 Replies
  • Is the real estate market about to crash?
    73 Replies
  • I'm feeling like a bad person.
    58 Replies
  • Calling all multifamily investors
    57 Replies
  • Tenant gets away with not paying rent for 14 years! $34k+ debt!
    21 Replies
Close Thin

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here

Already have an account? Click here to log in

Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • Perks
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • Google+
  • YouTube
  • Instagram
© 2004-2019 BiggerPockets, LLC. All Rights Reserved.