Posts Tagged: Cap rate
- By Guzel Lubinski
- April 8, 2022
- 0
- Market Updates
March 2022 Market Update
The multifamily market appears poised for another solid year in 2022, although it’s unlikely to match 2021’s exceptional performance. Some $166 billion of multifamily transactions were completed in 2021, up 75% from 2020. After asking rents rose 13.5% nationally in 2021, rent growth will probably be closer to 5% in 2022. With occupancy rates near [...]
- By Guzel Lubinski
- December 21, 2021
- 0
- Closed Transactions
843 W 123rd St, Calumet Park – Multi-family
Golden Group Real Estate is pleased to announce the sale of 843 W 123rd St, Calumet Park, an 18-unit multi-family investment property. Within only 2 weeks of marketing, the firm received 4 offers, all above the asking price. The Seller was shocked at how fast and efficient Golden Group Real Estate was able to deliver [...]
- By Guzel Lubinski
- October 24, 2021
- 0
- Market Updates
October 2021 Market Update
Strong demand for apartments has driven rent back up to pre-pandemic levels in Chicagoland. In the second quarter, tenants rented 10,000 additional units, the most in ten 10 years. The rental activity was concentrated in the suburbs, as households continued to seek larger, lower-cost apartments. The average rent in Chicagoland is $1,550/month, and the average [...]
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