🚨 Fully Occupied 12-Unit Multifamily Offering in Lyons, IL! 🚨
Don’t miss this rare opportunity! A fully occupied 12-unit multifamily property in Lyons, IL, is now available. This income-generating asset is perfectly positioned for investors seeking stability and growth in the Greater Chicago area.
📩 Contact for details: Randolph Taylor, CCIM
📧 rtaylor@creconsult.net | 📞 630-474-6441
Website/OM: https://www.creconsult.net/chicago-multifamily-listings/lyons-il-multifamily-portfolio-for-sale/

Elevate Your Multifamily Property Value: Strategic Upgrades That Matter

Elevate Your Multifamily Property Value: Strategic Upgrades That Matter
Modernizing your multifamily property isn’t just good for tenants; it's a smart investment strategy. Learn how to enhance property value through strategic upgrades and request a free valuation analysis today!

Maximizing NOI Through Multifamily Operational Enhancements: A Comprehensive Guide

Maximizing NOI Through Multifamily Operational Enhancements: A Comprehensive Guide
This post outlines several operational enhancements that multifamily properties can implement to maximize their Net Operating Income (NOI) including tenant engagement, cost-effective management, and facility upgrades.

🏢 Fully Furnished Office Space Near Hospital - For Lease 🏢

Discover this full-building opportunity at 2439 Glenwood Avenue, Joliet, IL. Perfect for professional services, this 9,410 SF Class B office property is in excellent condition and just steps away from a major hospital.

✨ Key Highlights:
✅ Fully furnished - ready for immediate use
✅ Renovated in 2017 - modern updates throughout
✅ Prime location near hospital & major amenities
✅ Ideal for medical, professional, or corporate offices

Lease Rate: $20/SF MG

Explore this turnkey space here: 🔗 https://properties.expcommercial.com/2439-glenwood-avenue-joliet-lease?template_id=5

Let’s discuss how this exceptional property can support your business!
📞 Randolph Taylor, CCIM Vice President | eXp Commercial
📱 (630) 474-6441 | 📧 rtaylor@creconsult.net

#OfficeSpaceForLease #JolietIL #NearHospital #CommercialRealEstate #FullyFurnished #eXpCommercial

Exciting News: New Title at eXp Commercial!

After nearly 27 years in the commercial real estate industry, I am thrilled to share that I’ve been named Advisor, Vice President at eXp Commercial!

This recognition is a reflection of the dedication I’ve put into helping my clients navigate complex multifamily transactions in the Greater Chicago area. It’s been an incredible journey, and I’m thankful for the opportunities to grow with my amazing team at eXp.

As I continue to focus on providing tailored strategies and market insights, I remain committed to helping property owners optimize their investments and maximize returns.

Thank you to my clients, colleagues, and mentors for your continued trust and support. I'm excited about what lies ahead and look forward to even more success together!

If you're looking to evaluate, sell, or maximize the value of your multifamily properties, I’d love to connect and explore how I can assist you in achieving your investment goals.

Randolph Taylor, MBA, CCIM Advisor, Vice President at eXp Commercial
📞 630-474-6441 | ✉️ rtaylor@creconsult.net

#CommercialRealEstate #MultifamilyRealEstate #CRE #RealEstateInvestment #ChicagoRealEstate #InvestmentSales #RealEstateExpert #CREBroker #PropertyInvestment #eXpCommercial #MultifamilyBroker #RealEstateSuccess #ChicagoCommercialRealEstate #CRECommunity #Advisor

December 2024 Multifamily Mortgage Rate Update: Insights from Top Chicago Multifamily Experts

Introduction
For multifamily property owners in the Chicago area, staying informed about mortgage rate changes is critical for making strategic investment decisions. As one of the top Chicago multifamily experts, our team at eXp Commercial specializes in helping clients navigate the complexities of real estate investment. Whether you’re buying, selling, or refinancing, understanding financing trends can directly impact your strategy. Here’s the latest update on multifamily mortgage rates from our Capital Markets partner, CommLoan, and actionable insights from your trusted Chicago multifamily investment broker.

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December 2024 Multifamily Mortgage Rates Overview

The latest multifamily mortgage rates reveal notable trends that may affect decision-making for property owners and investors:

Bank Loans

• 5-Year Fixed: 6.13%, down by 17 basis points.



• 7-Year Fixed: 6.10%, down by 16 basis points.



• 10-Year Fixed: 6.06%, down by 15 basis points.

Bank loans are a reliable option for medium-term financing, especially with the recent rate decreases.

Agency Loans

• 5-Year Fixed: 5.71%, up by 8 basis points.



• 7-Year Fixed: 5.79%, up by 6 basis points.



• 10-Year Fixed: 5.65%, up by 3 basis points.

Agency loans remain a popular choice for larger, long-term investments, despite slight rate increases.

Agency SBL Loans

• 5-Year and 7-Year Fixed: Both stand at 6.64%, up by 5 basis points.



• 10-Year Fixed: 6.54%, up by 5 basis points.

Designed for smaller properties, Agency SBL loans remain a valuable option, even with minor increases.

CMBS Loans

• 5-Year Fixed: 6.97%, no change.



• 7-Year Fixed: 6.92%, no change.



• 10-Year Fixed: 6.62%, no change.

CMBS loans are ideal for large-scale projects requiring flexible repayment terms.

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How These Rates Impact Chicago Multifamily Investments

As one of the top Chicago multifamily experts, we understand how mortgage rate changes influence buying and selling strategies. Here’s how these trends may affect you:

Refinancing Before Selling

With bank rates dropping, some property owners may consider refinancing to improve cash flow or extend their holding periods until the market becomes more favorable for selling.

Attracting Buyers

Rising agency and SBL rates could affect buyer financing options, impacting purchasing power. Sellers can benefit by anticipating these changes and tailoring their listing strategies accordingly.

Maximizing Property Value

Even with rising rates in some categories, Chicago's multifamily market remains highly competitive. Working with a seasoned Chicago multifamily investment broker ensures your property is positioned effectively to attract serious buyers and secure top offers.

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Why Work with a Chicago Multifamily Investment Broker?

As a trusted advisor and one of the top Chicago multifamily experts, I offer tailored strategies to maximize the value of your multifamily property. My services include:

• Accurate Valuations: Comprehensive assessments based on real-time market data.



• Targeted Marketing: Campaigns designed to reach motivated, qualified buyers.



• Strategic Negotiation: Expertise in securing the best possible terms while ensuring a smooth transaction process.

In collaboration with CommLoan, I also provide insights into financing solutions aligned with the latest market trends. This ensures my clients make informed decisions whether they’re selling, refinancing, or holding assets.

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Schedule a Call with Randolph Taylor, Your Chicago Multifamily Investment Broker

If you’re considering selling your multifamily property or exploring refinancing options, I’m here to help. Let’s discuss how today’s mortgage rates and market trends can shape your investment strategy.

Schedule a discovery call with Randolph Taylor, MBA, CCIM to explore opportunities for listing and maximizing your property value.

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Contact Information

Randolph Taylor, MBA, CCIM
Senior Associate | Multifamily Sales Broker
eXp Commercial | National Multifamily Division
📞 (630) 474-6441
📧 rtaylor@creconsult.net

https://www.creconsult.net/market-trends/december-2024-multifamily-mortgage-rate-update-insights-from-top-chicago-multifamily-experts/?fsp_sid=325

Kane County Multifamily Market Report – Q3 2024: Key Trends in Commercial Real Estate Brokerage

Introduction
The Kane County multifamily market in Q3 2024 offers solid opportunities for investors and property owners. As one of the most dynamic submarkets in the Chicago metro area, Kane County continues to attract interest from stakeholders in commercial real estate brokerage, thanks to its stable fundamentals and promising growth. This report highlights key performance indicators, market trends, and investment strategies tailored to multifamily assets in Kane County.

Download the Full Q3 2024 Report Here

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Kane County Multifamily Market Overview

Asking Rents

• The average asking rent for multifamily units in Kane County stood at $1,590 in Q3 2024, reflecting a -0.1% quarterly decrease but a 2.4% annual growth rate.



• Unit-Specific Rents:
  • Studios: $1,250
  
  
  
  • 1-Bedrooms: $1,308
  
  
  
  • 2-Bedrooms: $1,558
  
  
  
  • 3-Bedrooms: $2,338
  
  
  
  

Vacancy Rates

The vacancy rate for Q3 2024 was 5.6%, down 10 basis points from Q2. While Kane County's rate remains slightly higher than the Chicago metro average of 5.3%, it still reflects healthy market activity​​.

Key Metrics Snapshot

Metric	Kane County (Q3 2024)
Average Asking Rent	$1,590 (-0.1% Q/Q)
Vacancy Rate	5.6% (-10 bps Q/Q)
12-Month Rent Growth	+2.4% Y/Y
Cap Rates	5.8% to 6.5%

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What’s Driving Rent Trends in Kane County?

Rent Growth Drivers:

1. No New Deliveries in 2024: The lack of new construction has reduced competitive pressure, supporting rent stability.



2. Upcoming Supply: Developers plan to deliver 1,554 units between 2025 and 2026, contributing to 16.6% of the Chicago metro’s new inventory.

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Investment Opportunities in Kane County – Q3 2024

Kane County remains a prime submarket for investors targeting multifamily assets in the commercial real estate brokerage industry.

Key Highlights:

• Sales Volume: Total Q3 2024 transactions reached $98.3 million across several deals.



• Cap Rates: Averaging between 5.8% and 6.5%, Kane County’s cap rates remain attractive for long-term investors.

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Economic Drivers and Market Projections

Economic Highlights:

• Household Income Growth: Income in Chicago’s metro area grew 0.6%, exceeding the national average of 0.5%.



• Job Growth: Metro employment dipped slightly to -0.1%, reflecting broader economic pressures but maintaining tenant demand​.

Future Projections:

• Rents: Expected to rise to $1,594 by year-end 2024 and grow at 2.4% annually through 2026.



• Vacancy Rates: Likely to reach 6.2% by 2024, with a slight increase to 7.7% by 2026, as new units are absorbed​​.

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Maximize Your Property Value in Kane County

As an experienced advisor in commercial real estate brokerage, I help property owners achieve top results in the Kane County multifamily market.

My Services Include:

• In-Depth Valuations: Free assessments based on market data.



• Targeted Marketing: Campaigns designed to reach competitive buyers.



• Expert Negotiation: Securing optimal terms and maximizing ROI.

Schedule Your Consultation Today

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Ready to explore the opportunities in Kane County multifamily real estate? Let’s connect and discuss how to maximize your investments.

Download the Full Q3 2024 Report Here

https://www.creconsult.net/market-trends/kane-county-multifamily-market-report-q3-2024-key-trends-in-commercial-real-estate-brokerage/?fsp_sid=312