TOP 3 REASONS WE LIKE CHICAGOLAND

With a rich real estate history, many people are attracted to the uniqueness of Chicago’s architecture, its beautiful skyline, ethnically diverse neighborhoods, and the city’s thriving business community. 

 

Metropolitan Chicago boasts some of the most beautiful neighborhoods in the world.

 

SpringView has invested in some of the best-known neighborhoods, including Country Club Hills, Evergreen Park, Oak Park, and Oak Lawn.

 

Chicago has rebounded from the ‘08 –’10 recession slower than other markets, based on employment and building permits, presenting opportunities for smart buyers. 
 
Chicago has the third best housing fundamentals of all major housing markets. By 2018, it should remain above average, while most other major markets will fall below average
 
Home values in the Chicago MSA increased 5.6% since August 2014; and may increase 9.0% over the next five years, to reach September 2005 levels. 
 

 

 

 

 

 

The Neighborhoods

The Demographics

The Numbers

Chicagoland also has positive demographic trends.

 

Only two major housing markets in the country are currently undervalued, according to John Burns Real Estate Consulting. Chicago is one of them, at (-7.00% (Atlanta, at -11.00% is the other.) 

 

What's more, Chicago has strong occupancy rates for single-family homes, at 95%.

 

 

 

CHICAGO DEMOGRAPHICS

Source: US. Census American Community Survey 2008-2012. US. Bureau of Economic Analysis: John Burns Real Estate Consulting

City

 

Berwyn

Burbank

Calumet

Country Club

Evergreen

Glenwood

Hazelcrest

Homewood

Lansing

Matteson

Midlothian

Oak Forest

Olympia Fields

Park Forest

Richton Park

Romeoville

South Holland

Thornton

Zip Code

 

60402

60459

60409

60478

60805

60425

60429

60430

60438

60443

60445

60452

60461

60466

60471

60446

60473

60476

 

 

 

 

Population

 

56,657

 29,124

 37,070

 16,854

 19,852

   9,033

 14,341

 19,526

 28,270

 18,692

 14,788

 27,922

   4,283

 22,424

 13,568

 39,175

 21,944

   2,338

 

 

 

 

Livability Index

 

    74

    75

    72

    72

    74

    75

    71

    75

    70

    75

    76

    79

    78

    75

    72

    73

    76

    75

 

 

 

 

Unem-ployment

Rate

 

      NA

   6.8%

 12.8%

   7.9%

   8.1%

   9.2%

 13.1%

   7.3%

   7.7%

   8.9%

   9.9% 

   7.9%

   5.4%

   9.9%

 10.4%

    6.9%

  10.0%

   8.6%

 

 

 

 

Crime Index Rating

 

   NA

   A+

   NA

   NA

   NA

   A

   NA

   B

   NA

   NA

   B+

   NA

   A+

   B

   B

   A+

   B+

   A+

 

 

 

 

  Median         Housing       Value

 

   $216,200

   $210,600

   $122,400

   $154,700

   $214,500

   $153,700

   $138,200

   $182,600

   $143,600

   $183,200

   $169,800

   $210,300

   $263,000

   $  98,800

   $168,600

   $187,300

   $169,100

   $120,023

 

 

 

 

  Median         Household   Income

 

  $51,000

  $56,617

  $41,244

  $61,944

  $65,980

  $57,092

  $50,947

  $69,835

  $51,637

  $66,847

  $60,829

  $69,048

  $79,762

  $47,062

  $47,062

  $70,541

  $64,825

  $54,673

 

 

 

 

 

  Median         Housing       Value

 

   $   897

   $1,010

   $   874

   $1,459

   $   940

   $   988

   $1,450

   $   984

   $   913

   $1,173

   $   907

   $   959

   $2,000

   $   929

   $   955

   $1,288

   $1,495

   $   729

 

 

 

 

Owner
Occupied Homes

 

  60.5%

  80.0%

  59.1%

  86.6%

  81.8%

  83.1%

  65.9%

  84.9%

  74.2%

  79.4%

  74.2%

  80.5%

  87.8%

  66.8%

  63.5%

  86.3%

  89.4%

  90.1%

 

 

 

 

 

Renter

Occupied Homes

 

  39.5%

  20.0%

  40.9%

  13.4%

    7.2%

  16.9%

  34.1%

  15.1%

  25.8%

  20.6%

  25.8%

  19.5%

  12.2%

  33.2%

  36.5%

  13.7%

  10.6%

    9.9%

 

 

 

 

 Rental        Vacancy      Rate

 

  6.3%

  6.2%

  9.6%

  7.6%

  7.2%

  6.5%

  8.6%

  1.4%

  3.4%

  4.1%

  9.6%

  3.1%

  NA

 10.0%

 13.4%

 15.3%

  8.6%

  NA

 

 

 

 

Home values in the Chicago MSA  may increase 9.0% over the next five years, to reach September 2005 levels. 

SpringView Investments Fund II 

SpringView Investments Fund II specializes in making houses into homes, and in evaluating the type and extent of renovation most likely to increase equity value and rent potential at the lowest investment for investors and home renters. We diligently evaluate each property, renovate and develop with skill, rent to families and individuals who might not otherwise be able to live in a home, and manage each property profesionally and locally. 

Before and After

SpringView evaluates the type and extent of renovation most likely to increase equity value and rent potential at the lowest investment. Here are three representative before and after snapshots of homes in the SpringView Investments Fund II portfolio:

PROPERTY ONE 

Before

After

PROPERTY TWO 
PROPERTY THREE 

Before

Before

After

After

The Fund anticipates expanding to other high potential growth markets in the U.S, and to be a blend of Tier 1 and Tier 2 markets to maximize risk-adjusted returns.

 

Tier I markets exhibit leading population growth, extreme distress, and substantial discounts to replacement costs and attractive yields. They include Phoenix, Las Vegas, Atlanta and Charlotte. These are growth markets, with a high weighted average population growth in the past decade that experienced a significant revaluation during the housing crises.

 

Tier 2 markets feature many similar characteristics, but typically less distress, more stability and more modest pop-ulation growth. These include Chicago, Denver and Memphis. Tier 2 markets exhibit less volatility with solid growth potential.

OTHER POTENTIAL MARKETS

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