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Chicago, IL

Acquisition of a fully renovated, subsidized 26-unit apartment building in Chicago to generate stable cash flow and tax-advantaged returns.

• Stable income: 100% occupancy with government-subsidized rents.
• Recent renovations: Updated electrical, plumbing, and roof for long-term reliability.
• Tax incentives: Anticipated 10-year property tax reduction through AHSAP program.
• Prime location: Near major employers, universities, and amenities.
• Experienced team: Leadership with extensive real estate and investment background.

Red Brick Ventures is raising capital to acquire a fully renovated 26-unit apartment building in Chicago, Illinois. The property features 21 two-bedroom and 5 three-bedroom units, all fully occupied, providing immediate income stability. Recent renovations include electrical and plumbing upgrades, a new roof, and added on-site laundry and parking. The building’s tenants participate in the Chicago Housing Authority program, with most rents subsidized, offering a steady and reliable cash flow. The funds will be used primarily for the acquisition down payment, legal and acquisition-related fees, minor renovations, and reserves to support the investment’s stability and growth.

Chicago’s vibrant economy, strong rental demand, and institutional presence make it a compelling market for multifamily investments. The city’s diverse economy is supported by major employers, renowned universities, and a growing residential population, all contributing to steady housing demand. Additionally, the property is expected to qualify for the Affordable Housing Special Assessment Program, offering a significant property tax reduction for ten years. This tax incentive will improve cash flow and increase the property’s long-term value. The combination of stable government-backed income and a sought-after location positions the investment for both consistent returns and future appreciation, aligning with Red Brick Ventures’ goal to provide accessible and professional real estate investment opportunities.

Company Info

Red Brick Ventures provides investment opportunities in professionally managed, income-producing real estate projects including a fully renovated 26-unit apartment building in Chicago.

Red Brick Ventures is a private real estate investment company focused on building long-term wealth through carefully selected residential, commercial, and real estate-related assets. The company provides non-accredited investors access to professionally managed, income-producing opportunities across various sectors including multi-family, commercial, hospitality, title companies, home insurance, real estate software, coaching, and education. Their portfolio strategy targets income, appreciation, or both, aiming for annualized returns between 10-20%.

Their current project involves acquiring a fully renovated 26-unit apartment building in Chicago, Illinois, featuring 21 two-bedroom and 5 three-bedroom units with updated electrical, plumbing, a new roof, on-site laundry, and parking amenities. The building maintains 100% occupancy with about 85% of rental payments subsidized by the Chicago Housing Authority program, ensuring stable income. Located near major developments and universities, the property offers immediate income stability and long-term growth potential in a thriving urban market.