Multifamily N Illinois
14044 S. School Street, Riverdale, Illinois.

Arora Investment Group acquires two apartment properties in Riverdale

Arora Investment Group has acquired two 12-unit apartment buildings in Riverdale, Illinois. The properties, located across the street from each other at 14044 and 14101 S. School Street, traded for a combined total of approximately $300,000.00, or $12,500.00 per unit. Adam Fortino, a multifamily specialist in Marcus & Millichap’s Chicago-Oakbrook office, facilitated the deal.

Multifamily N Illinois
727 West Madison officially opens in Chicago's West Loop

727 West Madison officially opens in Chicago's West Loop

It’s Chicago’s tallest building west of the Kennedy, and it’s now officially open. Chicago-based development partners Fifield Cos. and F&F Realty, Ltd. celebrated the grand opening earlier this month of 727 West Madison, a 45-story, 492-unit luxury apartment building in the city’s West Loop neighborhood. Apartment leasing began last October 2018 and the building is 70 percent leased.

Multifamily Midwest
Are high rents chasing younger adults from the city?

Are high rents chasing younger adults from the city?

What’s the biggest weakness of the multifamily market in the United States today? Brokers across the Midwest frequently point to the lack of affordable apartment units in their cities. The new apartment buildings rising throughout the region, they say, boast a slew of amenities and great locations in the heart of urban areas. But they also come with monthly rents that are too high for most of the population.