🚨 New Listing – Fully Equipped Culinary Kitchen for Lease
📍 Plainfield, IL | 2,859 SF | $24.00/SF NNN

Now available: a turnkey culinary kitchen space featuring over $450,000 in premium improvements, including commercial ovens, hood/ventilation, quartz countertops, 3-bay sink, and more. Ideal for:

✔️ Ghost kitchens
✔️ Commissary operations
✔️ Catering businesses
✔️ Culinary education programs

Located just off Route 59, this space benefits from high visibility, strong demographics, and synergy from neighboring tenants like Goldfish Swim School.

🔗 Full listing + photos:
https://creconsult.net/12315-rhea-drive-culinary-kitchen-lease-plainfield-il/

📞 Contact:
Randolph Taylor, CCIM
Vice President | eXp Commercial – Chicago
📧 rtaylor@creconsult.net

📱 (630) 474-6441
🔗 www.CREConsult.net

#culinarykitchen #commercialrealestate #ghostkitchen #PlainfieldIL #retailspace #commissarykitchen #CRE #expcommercial #forlease #chicagorealestate

Chicago Ridge Multifamily – Updated Financials
Fully leased 18‑unit multifamily building in Chicago Ridge, IL with updated financials and recent renovations. Strong in‑place cash flow with realistic rent growth upside and minimal near‑term capital needs make this an attractive value‑add or 1031 exchange opportunity.

Property Highlights:
Price: $2,450,000 • 18 Units (10 Two‑Bedroom / 8 One‑Bedroom)
Cap Rates: 7.56% Current • 8.88% Pro Forma
Occupancy: 100% • Renovation Year: 2024
Location: Near I‑294, Metra, and Chicago Ridge Mall

🔗 View Offering Memorandum:
https://creconsult.net/chicago-multifamily-listings/chicago-ridge-il-multifamily-property-for-sale/

📞 Contact Me:
Randolph Taylor, CCIM • Vice President | Multifamily Broker
eXp Commercial – Chicago
Phone: (630) 474‑6441 • Email: rtaylor@creconsult.net

Hashtags:
#Multifamily #CommercialRealEstate #CRE #1031Exchange #ChicagoSuburbs #RealEstateInvesting #ValueAdd

Chicago Suburban Multifamily Portfolio – Updated Financials
Two fully leased 12‑unit buildings in Lyons, IL offered as a 24‑unit portfolio. Renovated in 2024/2025 and delivering reliable stabilized cash flow with realistic rent growth upside—minimal near‑term capital needs make this a compelling value‑add or 1031 exchange opportunity.

Portfolio Highlights:
Price: $3,100,000 • 24 Units (17 Two‑Bedroom / 7 One‑Bedroom)
Cap Rates: 7.06% Current • 8.8% Pro Forma
Occupancy: 100% • Renovations 2024-25
Location: Prime west suburban area near Ogden Ave, I‑55, and Brookfield Zoo

🔗 View Offering Memorandums:
• Prescott Ave – https://creconsult.net/chicago-multifamily-listings/lyons-il-multifamily-portfolio-for-sale/
• 43rd St – https://creconsult.net/chicago-multifamily-listings/multifamily-property-lyons-il/

📞 Contact Me:
Randolph Taylor, CCIM • Vice President | Multifamily Broker
eXp Commercial – Chicago
Phone: (630) 474‑6441 • Email: rtaylor@creconsult.net

Hashtags:
#Multifamily #CommercialRealEstate #CRE #1031Exchange #ChicagoSuburbs #RealEstateInvesting #ValueAdd

JUST SOLD | Bartlett, IL
Pleased to represent the seller in the successful sale of a professional property in Bartlett. Closed “as-is,” all cash, in just 90 days — another satisfied client in the western suburbs.

If you’re considering selling your multifamily or commercial property, let’s talk about strategies to achieve your best outcome:
Contact us: https://creconsult.net/contact-us/
Schedule a meeting: https://meetings-na2.hubspot.com/meetings/randolph

Randolph Taylor, CCIM
Vice President | Commercial Real Estate Broker
eXp Commercial – Chicago
📧 rtaylor@creconsult.net | 📞 (630) 474-6441

#CommercialRealEstate #ClosedDeal #ChicagoSuburbs #eXpCommercial #BartlettIL

Chicago Rent Growth Surges in 2025, Ranks #2 in U.S. Market

Chicago Rent Growth Surges in 2025, Ranks #2 in U.S. Market

Chicago rent growth is surging in 2025, positioning the city as the second-strongest apartment market in the U.S., according to new data from CoStar Analytics. While San Francisco leads with a 5.0% annual increase, Chicago follows closely at 3.8%, driven by strong demand and limited new supply.

Nationwide, the U.S. multifamily sector is stabilizing after several years of volatility. Net absorption hit 268,000 units in the first half of the year—the third-highest ever recorded for that period. Meanwhile, new completions dropped by 25% year-over-year, helping ease the elevated national vacancy rate to 8.1%.

Chicago Outperforms as Sun Belt Struggles

Chicago rent growth stands out amid a national backdrop of modest rent gains. The CoStar report notes that asking rents nationwide rose just 0.9% year-over-year. In contrast, oversupplied Sun Belt markets like Austin (-4.3%), Denver (-3.2%), and Phoenix (-2.6%) saw steep declines.

Asset Class Trends: Affordability Wins

Affordable units (1–2 star) led rent growth at 1.7%, while luxury units (4–5 star) gained only 0.5%. Mid-tier (3-star) apartments aligned with the national average at 1%. These trends reflect growing demand for affordability, particularly in high-cost cities.

2025 Outlook for Multifamily Markets

Completions are projected to drop to 492,000 units by year-end. With sustained renter demand, the national vacancy rate may dip below 8%, and annual rent growth is forecast to rise to 1.8%. Chicago and other low-supply metros in the Midwest and Northeast are best positioned to outperform.

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For more insights on multifamily trends, visit our Market Research section.

https://creconsult.net/chicago-rent-growth-2025-costar/?fsp_sid=1220

🏢 FOR SALE: 42-Unit Suburban Chicago Multifamily Portfolio | $5.55M

Fully stabilized apartment portfolio across three well-maintained assets in Lyons & Chicago Ridge, IL — 100% occupied with strong in-place income and significant upside through rental increases.

🔹 42 Units Across 3 Stabilized Properties
🔹 Blended Current Cap Rate: 6.88% | Pro Forma: 8.50%+
🔹 Turnkey Management & Strong Tenancy
🔹 Recent Renovations With Value-Add Potential
🔹 Ideal for 1031 Exchange or Portfolio Expansion

📍 Portfolio Includes:

12 Units – 4337 Prescott Ave, Lyons, IL
🔗 https://creconsult.net/chicago-multifamily-listings/lyons-il-multifamily-portfolio-for-sale/

12 Units – 7821 43rd St, Lyons, IL
🔗 https://creconsult.net/chicago-multifamily-listings/multifamily-property-lyons-il/

18 Units – 9826 Sayre Ave, Chicago Ridge, IL
🔗 https://creconsult.net/chicago-multifamily-listings/chicago-ridge-il-multifamily-property-for-sale/

💼 Offered individually or together as a portfolio — a rare opportunity to acquire stabilized, income-generating suburban multifamily assets in strong rental submarkets.

📩 Contact:

Randolph Taylor, CCIM
📧 rtaylor@creconsult.net
📞 (630) 474-6441

Dave Snehal, CCIM
📧 dave.snehal@expcommercial.com
📞 (773) 230-8055

#multifamily #chicagorealestate #cre #1031exchange #realestateinvesting #suburbanchicago #multifamilyportfolio #valueadd #expcommercial

🚨 New Listing | 100% Leased Chicago Retail Investment 🚨
📍 3217–3229 W Montrose Ave | Albany Park, Chicago
💰 Offered at $995,000

Excited to bring this fully leased ±4,000 SF retail condo to market in one of Chicago’s most vibrant neighborhoods. Located along high-traffic Montrose Avenue with over 21,000 VPD, this property offers:
✅ 6 storefronts with service, food, and professional tenants
✅ 100% occupancy
✅ Flexible lease terms for upside potential
✅ Current rents avg. $20/SF, while market rents are ~$28/SF MG
✅ Pro forma cap rate: 8.37%

📈 Low submarket vacancy (3.1%) and strong tenant demand make this a prime opportunity to secure stabilized income with immediate rent growth potential.

🔗 Full details, photos, and financials:
👉 https://creconsult.net/chicago-retail-investment-property

Reach out with questions or to request the offering memorandum.

—
Randolph Taylor, CCIM
Vice President | eXp Commercial
📞 630.474.6441
📧 rtaylor@creconsult.net

#ChicagoRealEstate #RetailInvestment #CommercialBroker #AlbanyPark #PassiveIncome #CRE #RetailForSale #eXpCommercial