Joseph Root’s Post

East Superior Real Estate Partners Case Study 📚: Bridgeport 4 Flat In the heart of Chicago's Bridgeport neighborhood, our journey continues to show progress — a testament to our commitment to focus on strategic investments. Starting Strong: December 2014 December 2014 saw us acquire a four flat on 32nd Street, a result of thorough market analysis focused on Bridgeport's potential for thriving rent growth. Navigating Challenges: Property Evolution Acquiring below market value posed challenges. Our team expertly handled building violations and extensive interior renovations, transforming hurdles into opportunities through seasoned experience. Strategic Growth: A 7.4-Year Transformation Over 7.4 years, our focused strategy evolved the property. Beyond a physical renovation, it strategically evolved. Two years post-acquisition marked a key moment: a successful cash-out refinance, yielding a 1.6x return on our initial equity. Results: Numbers That Speak By June 2022, the property sold, boasting exceptional metrics—an impressive 59% IRR, a 9.0x Equity Multiple, and a solid 7.4-year hold period. Acknowledgments: Team Effort The Bridgeport 4 Flat achievement stands as a testament to our seasoned team's foresight and execution. It exemplifies our commitment to turning opportunities into successful ventures. Learn from Our Journey: Elevate Your Investments This achievement isn't just about a property; it's a roadmap for demonstrated performance in investments. Connect with East Superior Real Estate Partners to explore how our experience can enhance your investment portfolio. #multifamilyrealestate #chicagorealestate #realestateinvesting