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/

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:

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

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Guest Name: Anthony Citriglia

Guest Company: Essex Realty Group

Guest Link: https://essexrealtygroup.com/

Other Links for show notes:

Brian Kochendorfer

Brian Karmowski

Kevin Cawley - Senior Account Executive - Cost Segregation Services, Inc.


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