Brie Schmidt Zdravkovic Second City Real Estate
States: Illinois
Counties: Cook County
Zip Codes Covered: 60614, 60657, 60613, 60640, 60660, 60626, 60645, 60659, 60625, 60618, 60647, 60622, 60646
Licensed Since: 2004 | IL License # 471018287
About Brie Schmidt Zdravkovic
Second City Real Estate works with new and experienced real estate investors who want to start or add to their buy and hold portfolio. They specialize in assisting buyers acquire 2 - 4 unit residential properties on the North Side of Chicago.
Second City Real Estate is a brokerage comprised of buy and hold investors. They leverage their experience to educate clients about all aspects of the investment process. They teach how to analyze potential properties, calculate ROI, advise on best landlording practices, and how to effectively market and lease rental properties. They work closely with clients to understand, support, and help execute real estate investing goals.
Brie Schmidt Zdravkovic – Managing Broker - Brie started purchasing investment properties in 2011 when she founded BBS Apartments. She currently owns and manages 90+ rental units in Chicago and Milwaukee and is a managing partner in BBS Apartments LLC, Southside Apartments LLC, LB Apartments LLC and BSDK Apartments LLC.
Brie’s success can be attributed in large part to her team building talents, marketing acumen, and expansive network. Through her hands-on experience of real estate investing by building a multi-million dollar portfolio she has been featured on various podcasts and spoken at REIA events and real estate conferences about investment strategies and property acquisitions.
Market Overview
Cubs. Chicago Hot Dogs. Blackhawks. The Bean. Deep Dish Pizza. Blues Music. There are a million reasons to love Chicago. Many of our north side neighborhoods rank in the top 95% Nationwide for population density, number of 2-4 unit small apartment buildings, bicycle commuters and train commuters. With 70% of the Chicago population renting and north side neighborhoods with vacancy rates of 2% - 4% it is an ideal place to invest. Many investors purchase 2-4 unit buildings in the $500k range which offer cap rates of 6% - 8%. With quality A/B tenants management is not labor intensive and property values continue to increase.
Investment Price Points
Entry level price points for investment in our market are $400,000 to $600,000 and at this price point you will get a 100-year-old 3-4 unit property that is rent ready in a A or B neighborhood. The highest price point that makes sense in our market is the $700,000 to $800,000 range. Above that it is hard to get positive cash flow.
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