Episode 46: Why Invest in Smaller Multifamily Properties in the North and Northwest Suburbs of Cook County - Anthony Citriglia

Chicagoland is an enormous market with a ton of sub markets. Anthony Citriglia of Essex Realty's submarket covers many of the near north and near northwest suburbs and he breaks down exactly what those markets are like; how they differ from Chicago; and how they differ from each other. Following the post-war boom, cheaper access to cars, and the development of several Metra lines, the 50s-80s were filled with tons of development, mostly still currently owned by mom & pop landlords. Find out what it takes to succeed in these markets as Anthony drops street-level knowledge including typical price-per door, dividing lines where this pricing adjusts, tenant expectations, and the physical housing stock.  If you want to improve your own tenant performance, give GC Realty a call and visit our website at https://www.gcrealtyinc.com/ Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Anthony Citriglia of Essex Realty Group Link: Brian Kochendorfer   Link: Brian Karmowski   Link: Kevin Cawley - Senior Account Executive - Cost Segregation Services, Inc.   ----------------- Guest Questions Landlord tip of the week 3:00 What markets do you focus on? 6:30 What is the market environment in Niles? 7:25 Is there a difference whether you're on the East or West side of Milwaukee in Niles? 8:30 How do property taxes change when you jump over the city limits? 9:35 When someone says they want to invest, how do you answer that? 11:00 How are prices different between Niles and Skokie? 11:50 What is the opportunity like in Evanston compared to Skokie? 14:45 What is the housing stock in the north suburbs? 15:30 What is something people should be aware of when investing in the north suburbs? 16:10  How does the northwest market differ from the north suburbs? 17:45 What is the housing stock like of the near northwest suburbs? 21:35 How important is it to be close to the NW metra line? 21:55 Is there opportunity for deals in the NW suburbs? 23:20 What are some problems buyers are seeing when properties are under contract? 29:30 What is a california style building and how do those trade? 32:50 Wrap Up Questions What is your competitive advantage? 33:40 What is one piece of advice you'd give a new investor? 34:25 What do you do for fun? 35:00 Who would you recommend and a quality resource? 36:05 How can we learn more about you? 37:12 Thanks so much for listening. Please share this with a friend and leave us a 5 star review. Thank you so much for listening. As always, we're here to  help YOU. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/. ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.