Here is another project we purchased together with our investors about 3 years ago. These townhomes are located on Carmen Ave., in close proximity to O'Hare International Airport. 🚀 During these years we were able to raise rents by 30%, alocate 25% of the units to Airbnb, reduce some of the expenses and generate double digit cash on cash returns. After the winter we intend to sell one of the townhomes in order to unlock 80%-100% of our equity. This property highlights our ability to identify growth opportunities and ensure our investors meet their goals for passive income and financial freedom. #ElevateGroup #RealEstateInvestment #ChicagoProperties #OngoingSuccess #PrimeLocation #RentalIncome #ROIGrowth #O'Hare #SmartInvestments #PropertyManagement #InvestmentSuccess
Elevate Group
Real Estate
Deerfield, Illinois 399 followers
A vertically integrated real estate boutique firm specializing in value-add and income-producing real estate investments
About us
A vertically integrated real estate boutique firm, specializing in value-add and income producing real estate investments in Chicago and the Midwest.
- Website
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http://www.elevateg.com
External link for Elevate Group
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- Deerfield, Illinois
- Type
- Privately Held
- Founded
- 2009
- Specialties
- real estate, investments, property management, residential, industrial, retail, construction, renovations, syndication, and asset management
Locations
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Primary
500 Lake Cook Rd
Deerfield, Illinois 60015, US
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323 E Wacker Dr
Chicago, Illinois 60601, US
Employees at Elevate Group
Updates
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Big news for the South Side of Chicago, our back yard. A Quantum Leap: The Largest Private Investment on Chicago's Southeast Side to Shape Future Generations 🚀 Chicago’s Southeast Side is set to become a global hub for quantum computing with the largest private investment in its history. As the Midwest continues to rise, this transformative project highlights why investing in Chicago and the region is a smart move. The new Quantum Campus, anchored by PsiQuantum, will create thousands of jobs and drive technological advancements that will shape industries for generations to come. From its strategic location to a robust talent pool and innovative spirit, Chicago is positioned at the forefront of the next wave of tech and business growth. At Elevate Group we are heavily invested in the South Side communities for over 15 years and we have always seen strong demand. We’re excited to see how these projects will fuel opportunities and elevate the entire region. Chicago’s combination of affordability, infrastructure, and talent pool, makes it a prime destination for businesses and investors looking to thrive. See more about this generational project here: https://lnkd.in/gsHrW447 #InvestInChicago #MidwestInnovation #QuantumComputing #ElevateGroup #BusinessGrowth #ChicagoTech #CorporateInvestment #MidwestEconomy
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Chicago Real Estate is Booming! 🔥 Chicago is officially competing with Miami as one of the hottest rental markets in the country. Thanks to the Midwest's diverse economy and a surge in demand, Chicagoland has become the top rental market this season. With significantly more renters renewing their leases, the competition for rental properties is heating up. For real estate investors, this is a golden opportunity. The city’s resilient economy and the limited new housing supply mean property values and rental income are expected to rise even further. Whether you're looking to expand your portfolio or get started in real estate, now's a good time to jump in. 👉 Check out the full article for all the details: https://lnkd.in/eCiSD25u #ChicagoRealEstate #MidwestGrowth #RealEstateInvesting #RentalMarket #InvestmentOpportunity
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As we celebrate Rosh Hashanah, the Jewish New Year, the Elevate Group team would like to send our warmest wishes for a year of peace, renewal, prosperity, and growth. Rosh Hashanah is a time for reflection, giving gratitude, and making future plans. Upon reflection on the previous year, a tough year on the geopolitical landscape, we are grateful of the partnerships, opportunities, and successes that we have experienced together. We are eager to work together going forward, expanding on the strong foundation we established and accomplishing new goals in the years to come. May this season bring you and your loved ones happiness and success in all areas of your life. Whether in business, community or personal growth, we hope the year ahead is a year of strength, unity and peace. Shanah Tovah! Here’s to a year of new beginnings, fruitful connections, and shared success. 🍯🍎 #RoshHashanah #ShanahTovah #JewishNewYear #ElevateGroup #Renewal #Growth #Prosperity #NewBeginnings #peace
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JUST SOLD 🔑 At Elevate Group, we try not to sell real estate, we don’t follow a rigid 3, 5, or 7-year holding period. We sell when the timing is right. Case in point: 8719 S Michigan Ave, Chicago, IL 60619—a fully rehabbed 3-bedroom, 2-bathroom home in the Chatham neighborhood. This property was part of a larger 25+ home portfolio in Chicago's South Side, where we already own over 100 similar homes. Unlike our usual hold strategy, this asset was positioned for a flip due to its location, condition, and the tenant we inherited. After our in-house renovation team completed a full gut rehab, we successfully sold the property for $250,000, achieving a strong 30% return. Check out the before and after pictures to see the transformation. This successful flip is a testament to our flexible approach and commitment to maximizing returns for our investors. #RealEstateInvestment #FlipStrategy #ChicagoRealEstate #ElevateGroup #StrategicSales
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During the years 2012-2022 Elevate Group acquired, on average, 30 properties per year. Smaller, larger, profitable, not profitable, residential, industrial, retail and even land. During 2023 until now that average was down to 1. We believe that the coming 1-2 years will create an opportunity to get back in the game and we invite you to join us. https://lnkd.in/gXJfkNAr
Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024
https://www.youtube.com/
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Site for lease / JV ! Portfolio Highlight: Strategic Investment in Fox Valley Adult Transition Center 🏢 In our diverse portfolio, we also own the Fox Valley Adult Transition Center located at 1329 North Lake Street, Aurora, IL 60506. Acquired in October 2021, this 29,686 SF single-tenant property is leased to the State of Illinois with a remarkable 51 years of occupancy. The facility, set on 2.18 acres, houses 128 residents across 40 rooms. What makes this asset notable other than the long term tenancy? This deal offers a significant value-add opportunity with excess land for future development. We are now looking to develop the excess land for a drive-through user on one of Aurora’s last vacant corners. Know anyone who is looking to JV? Let us know! Suitable for QSR or other users with 2,000sf-2,800sf on just under 1 acre of land. #RealEstateInvestment #SingleTenant #FoxValley #ElevateGroup #StrategicInvestments
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Chicago, the third-largest city in the U.S., faces its share of challenges, but it also offers robust fundamentals, one of them is the Chicago O’Hare International Airport. ✈️🌟 Ranked among the top 10 busiest airports in the world, O’Hare will undergo a major expansion, including a 25% increase in gate capacity, the addition of a second customs and immigration checkpoint, and a new terminal dedicated to airline alliances. At Elevate Group, we've already capitalized on this growth by investing in residential apartments and short-term rentals near O’Hare. We’re excited about the rising demand for housing, short-term stays, jobs, and commercial spaces that this expansion will drive. 👉 For a deeper dive into this exciting development, check out the full update here: https://lnkd.in/gh2hikz6 #InvestInChicago #OHareExpansion #ElevateGroup #EconomicGrowth #StrategicInvestments #ChicagoBusiness #InfrastructureDevelopment
Full Updated Timeline Revealed For O’Hare Expansion As City Begins Offering Bonds
https://chicagoyimby.com
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Elevate Group Expands Portfolio with attractive Edgewater Acquisition! 🏢 Elevate Group is proud to announce the addition of 5533 N. Broadway St., Chicago, IL 60640 to our growing portfolio. This 30,000 SF mixed-use building is centrally located in Edgewater, one of Chicago’s most promising neighborhoods, with a strong trajectory for continued development. With 100% occupancy, including 3 commercial tenants and 2 apartments, this property offers immediate cash flow and future growth potential. The B1-3 zoning presents an attractive opportunity for a potential future development of up to 50+ units as market conditions evolve. Additionally, the largest medtail tenant, with a fresh 10 year lease on the ground floor, is just about to complete extensive renovations of over $4.5m, showcasing their commitment to the site. Strategically positioned with excellent walkability, proximity to downtown, and neighboring sought-after areas like Andersonville and Lakeview, this asset is poised for natural appreciation. This acquisition aligns with our commitment to unlocking value and creating opportunities for our investors. We look forward to the continued success of 5533 N. Broadway and the growth of Chicago’s thriving real estate market! #RealEstateInvestment #Edgewater #ChicagoRealEstate #ElevateGroup #PortfolioExpansion
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We're #hiring a new Controller in Deerfield, Illinois (hybrid). Apply today or share this post with your network. Elevate your career and life-work balance 🔝 🤸♀️ !