Rent Control reduces the supply of rental units, increases prices for properties not covered and prevents those most in need from benefiting.
Tag Archives: Chicago
84 Unit Multifamily Property For Sale.
Condo Quality Construction.
All 2-Bed / 1-Bath Units with Dining Room.
90 Percent Updated Units.
Tenant Paid Electric Baseboard Heating & HW.
Very Well-Maintained / Long-Term Ownership.
Apartment rents across the nation have soared over the past several years amid the expanding job market, the primary driver of demand for apartments, and a continued preference for renting over owning among some people.
Multifamily Sales Continue to Trend Downward in City, While Suburban Sales Volume Sets New Record
The owner of one of the biggest apartment complexes in the Chicago area has refinanced the property with a new mortgage, pocketing nearly $46 million in the process.
Whether they sold or refinanced, many owners of Chicago commercial real estate took advantage last year of prices that surpassed their pre-recession peaks. But their joyride may be slowing down.