Purchase Options (see links on right -->)

Purchase Options

Purchase an amply equipped, move-in ready luxury condo or single-family house, or customize the update of a single-family house into your dream-home just in time for move-in.

 

We offer the newest, nicest, quietest, & closest property options available.

$10,000 Downpayment Assistance for University of Chicago Faculty & Staff

Many faculty members, physicians, and University staffers live in our area as it is quiet, safe, and across from campus.

 

Our properties are located in the “Focus Area” of the Employer-Assisted Housing Program. This means behefits-eligible employees can receive $10,000 (loan forgiven after 5 years) towards the downpayment (no income min/max) by The University of Chicago. 

 

Housing for Students

Many students &/or their parents purchase housing in lieu of renting.  

 

Those signed up for on-campus housing can purchase now to take advantage of low prices, low interest rates, rental income, and an extra year of appreciation.  We might be willing to manage the property for you during this transitional year.

 

Live Free While Building Equity

Savy buyers can lease spare rooms to friends/roommates, enjoy tax advantages, & sell good properties for a profit.  You can avail gorgeous, close, quiet housing to roommates while at the same time having them pay your mortgage!  It is easy to provide a great service while living for free & building equity.

 

Investment

Not only are the properties convenient & well-equipped, but they are outstanding investments!  We are located in the middle of one of the most highly developing & appreciating parts of the city/neighborhood.  The University of Chicago has invested over $2 Billion within a few blocks of our location over the past few years, and much more private, public, & University investment is either underway or planned for the near future. Ask about specifics!

 

Positive Cash Flow

Investors can purchase our low-maintenance, worry-free, high-demand properties & realize positive cash-flow from Day 1.

 

Neighbors

The other Condo owners in our building are quiet physicians.  The other Single-Family Houses are owned by quiet families & professionals (University of Chicago Professor, Dentist, Business-owning family, Architect, Attorney, & University of Chicago Psychologist). Both are extremely stable developments as almost all of the properties are owned by original owners.

 

University of Chicago Expansion & Housing Shortage in Hyde Park

The economic slowdown halted most new residential real estate developments in 2007 at a time that the University of Chicago has dramatically increaed enrollment (to increase revenues), is in the midst of a multi-billion dollar building boom (including a new $700 Million hospital pavilion), & embarking on a faculty hiring campaign.  The University, for the first time, opened up their "New Graduate Housing" dorm (despite the name, it was built in 1963) to undergrads in 2011 & the International House to undergrads in 2012.  Shoreland Dorm was recently retired, the 10-Story Pierce Hall is being replaced, & New Graduate Housing is slated for conversion into educational space by the Harris School of Public Policy.  This, coupled with an already aged housing stock (much of which is owned by poorly-reviewed Mac Properties), has made it increasingly difficult for undergraduate, graduate, professional students, staff members, professors, & doctors to find attractive housing near campus.  This makes for a good opportunity for property owners... particularly those with premium offerings across the street.

Time to Buy

NOW is the time to buy.  A buyer's market, historically-low interest rates, tax deductions, the ability to control your own housing, & profit are among the reasons to buy.  There are not a lot of quality properties currently available; most on the market are foreclosures or distressed properties needing attention, in old/rehabbed buildings, farther from campus, or in need of repair.  Many would-be sellers are waiting for the market to rebound.  We would not sell if we did not own several other properties in the area and are incentivized to do so for tax & logistical purposes.  If you are looking for a premium, trouble-free, quiet, perfectly-located property to purchase in a high-growth area, you have come to the right place.

 

Price Points

Luxury Condos for purchase starting at $285,000.

Single-Family Detached Houses around $ .

 

Next Steps

  • All are welcome to take a "virtual tour" on the website & request more information.
  • At this time, we can only offer private showings to serious pre-qualified or cash buyers.
  • We are willing to work with a buyer's agent.