As the new year sets in, everyone is thinking about what exciting opportunities will be available and how we can take advantage of those when presented. One of the most anticipated areas investors believe will outperform and increase in value is Bronzeville, especially near the Green Line.
Cityscapes Property Finder is a great tool to quickly identify vacant, underdeveloped, and value-add properties near any transit line, but the Green Line especially.
The Green Line runs north/south through Bronzeville and also runs east/west to the Near West Side from the United Center through Garfield Park, into Austin, and all the way to Oak Park. It is the south arm of this line that will bring tremendous value to growth expected in Bronzeville.
Bronzeville will experience a lot of the momentum from new construction, but there is also a new transit-oriented development coming soon. A high-rise complex is being built at the 43 Green Line station that the city is supporting through TIF and low income housing tax credits.
Stay tuned for more on areas of Chicago expected to have huge growth in 2022.
Key points:
- Infrastructure development in the area
- Government incentives for Landlords
- Digital tools
Whether you are interested in buying or selling a commercial building, renting a home, property management for your investments, or buying an investment property, GC Realty & Development LLC is waiting to guide you on your journey. We are confident we have the systems, talent, drive and desire to add value to what are some of your largest financial decisions in your life.
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MARK AINLEY is an investor, managing broker, and property manager with nearly two decades of experience in real estate. He has been a speaker at numerous events across the country including investing summits in Dallas, Atlanta, San Francisco, and Chicago. Mark loves to give feedback to beginners, out-of-state investors, or less experienced entrepreneurs on what steps to avoid in growing a business.
His extensive experience allows him to share his knowledge on many topics like property management, scaling a business, rehabbing and flipping, out-of-state investing, asset stabilization, market analysis, and more. He has rehabbed and stabilized over 480 properties and currently manages over 1000 investment properties throughout the Chicagoland area. Mark is the co-founder of GCR&D, a full-service real estate brokerage, property management, and real estate investment firm in the Chicago Market. Through his brokerage, he consults with both local and out of-state investors on the acquisition, stabilization, and management of their rental property portfolio. GCR&D recently made the “top 5000 fastest growing companies in the United States”list by influential Inc.
He was featured on CNBC’s TV show The Deed, featuring one of his rehabs. He has also been featured on podcasts like Bigger Pockets, The Real Estate Mogul Podcast, Joe Fairless, REI Diamonds, and Real Estate Money School. In 2017 he was featured on the cover of Top Agent - Property Management Edition.
https://www.biggerpockets.com/blog/contributors/markainley
