South Chicago, IL, United States

23 Affordable Multi-family homes, and a 10,000 sq. ft. Community Resource Center located in South Chicago. The total investment for this project is $12,790,000 offering fractional shares.

Project Description

Nestled strategically within the Chicago Metropolitan Statistical Area (MSA), South Baltimore Estates offers unparalleled comfort and convenience. Each of the 23 B.A.F.E® homes, spanning 2,843 square feet across three stories, is meticulously designed by the esteemed Dejan Rajic Architecture firm. These residences exude elegance and functionality, featuring 5 bedrooms, 3.5 baths, and a host of premium amenities, including quartz countertops, soft-close cabinets, and smart home integration for seamless living experiences.

Central to the community's ethos is the expansive Resource Center, a testament to B.A.F.E®'s commitment to holistic community development. Designed to empower residents and foster growth, this center will house a leasing office and specialized training rooms dedicated to workforce development. Notably, a portion of the facility will be dedicated to serving as a Transitional Residential Facility for Veterans, underscoring the project's dedication to supporting local heroes.

Beyond its luxurious residences, South Baltimore Estates embraces a fully maintenance-free lifestyle, encompassing lawn care, debris removal, and round-the-clock property management services. Residents can expect nothing short of excellence, with 24/7 maintenance response ensuring peace of mind.

Strategically positioned just 30 minutes from O'Hare International Airport, South Baltimore Estates enjoys seamless connectivity to Chicago's economic epicenter. The region's diverse cultural landscape, vibrant arts scene, and world-renowned educational institutions further enrich the living experience, making it an ideal destination for families and professionals alike.

Moreover, investors stand to benefit from the project's location within a Qualified Opportunity Zone, offering attractive capital gains discounts for long-term commitments. With its blend of upscale living, community empowerment, and investment potential, South Baltimore Estates epitomizes the essence of modern urban living in the heart of Cook County.

Infill Investment Opportunity10 Jan 2025

Investment Opportunity in South Chicago Neighborhood in Chicago, IL

Project Overview

We are excited to present a unique investment opportunity in the vibrant neighborhoods of East & West Englewood in Chicago, IL. Our project focuses on developing residential properties in these areas, leveraging significant city and state investments in grants and tax benefits aimed at revitalizing these communities.

Project Details

Location: South Chicago, Chicago, IL.
Development Scope: 23 Multifamily Residences & a Community Development Center
Lot Price: $199,000
Build Cost: Multifamily 2,843 sq ft ($480K)
Sales Price: $TBD
Total Project Cost: $12,790,000

Sales and Rental Strategy

Sales: Some properties will be sold for $TBD through various Chicago Affordable Housing Programs.
Rentals: Other properties will be rented through our operating partner, PadSplit.

Investor Returns

Sold Units: Investors will receive their investment plus 55% of the profit from the sale of these units.
Rental Units: Investors will receive $2,100 per month per unit.
Fractional Ownership: Multiple investors can own shares in various properties, offering diversification and lower entry costs.
Hold Period: 5-10 years for rental units, 6-12 months for sale units.
Disbursements: Monthly returns as soon as rental properties are leased; portions of investment capital returned upon sale of properties.

Investment Process

To streamline the investment process, we have integrated our website with an investment portal that offers a full suite of services, tracking each investor’s progress and facilitating communications post-investment. This investment portal is crucial for managing the complexity and scale of our firm’s operations, especially under the 506(c) exemption requirements.

Investor Benefits

Government Support: Access to substantial grants and tax benefits.
High Returns: Attractive profit-sharing from sales and steady rental income.
Fractional Ownership: Lower entry barriers and diversified risk.
Voting Rights: Influence project decisions based on share ownership.
Liquidity Options: Limited liquidity through secondary market trading.
Tax Advantages: Potential tax benefits (consult your tax advisor).
Disaster Resilience: Homes built with Nudura building systems for enhanced durability.
Accredited and Foreign Investors: Open to accredited investors; foreign investors can gain residential visas through the US Customs and Immigration Service with a minimum investment of $1,000,000.

Risks and Considerations

Funding Shortfall: Potential missed opportunities if insufficient funds are raised.
Natural Disasters: While mitigated by Nudura systems, natural disasters remain a risk.
Liquidity: Limited liquidity during the hold period, though secondary market trading is available.
Tax Implications: Investors should consult their tax advisors or attorneys for detailed tax guidance.

Regulatory Compliance

This project is listed with the US Securities and Exchange Commission through a 506(c) Regulation D offering, allowing us to raise funds from accredited and institutional investors in the US and abroad (Regulation S for foreign investors).

Experienced Contractors

We are partnering with general contractors with proven success in constructing military barracks, government buildings, multi-family communities, and numerous single-family residences, ensuring quality and reliability in our developments.

Conclusion

This investment opportunity in Chicago offers robust returns, diversification, and the benefits of government support and resilient building systems. Whether you are an accredited investor in the US or abroad, this project provides a structured, high-potential investment in one of the nation's most promising urban revitalization efforts.

Invest Now