Wicker Park 4 Flat
Beautiful 4 flat in the heart of Wicker Park, steps from restaurants, bars and shops. This was BCG's first acquisition, and has returned consistent returns for our investors. Our team got busy executing the business plan to conduct minor repairs, tuckpoint the building, upgrade the stairs in front and redo the landscaping. We also got rid of a few costly contracts and rented out the garage space which were immediate easy steps to increase the property's value.
These value add activities resulted in an increased appraised value when we refinanced a few months later, quickly making the initial investment worth quite a bit more. The next move is to knock down the existing garage and build a new structure with an additional parking space, adding additional revenue and significant forced appreciation.