Elite Invest Closes on a Lincoln Park Luxury Rental Property

$7 million deal marks an expansion for the company to the city's North Side

16 Feb, 2016, 10:20 ET from Elite Invest

CHICAGO, Feb. 16, 2016 /PRNewswire/ -- Elite Invest (www.eliteinvest.com), a leader in the purchase, restoration and rental of multi-family dwellings in Chicago, announced the closing of a 17-unit luxury rental property in Lincoln Park. Elite Invest structured the $7 million syndication with a European private investor.

Elite Invest is well-known for its high quality rehabilitations, investment opportunities, and rentals of properties in Chicago's South Side. With over 1,000 properties in the company's portfolio, Elite Invest has been one of the leading forces driving revitalization of historic city neighborhoods.

The company prides itself on its workmanship and service, and provides qualified passive investors with wealth-generating, turnkey investment property opportunities.

The Lincoln Park property marks the company's first venture to the city's North Side.

"We have an incredible track record of success with our South Side properties, and felt the time was right to expand and diversify our portfolio, by bringing our expertise to other areas in this great city," said Sunny Lamba, Co-Founder of Elite Invest. "We believe that both investors and renters will appreciate our ingenuity in interior modernization, which creates first-class living environments at neighborhood-appropriate rental rates."

The company also recently purchased and moved its construction and property management staff into an iconic South Shore building that offers enough space for planned growth.

For more information on Elite Invest, or for an investor packet, please call 312-690-7711, or visit: www.eliteinvest.com

About Elite Invest:

At Elite Invest, the core mission is to rehabilitate and revitalize Chicago neighborhoods. The company brings investment dollars into select communities and purchases distressed assets, rehabilitates them, and subsequently rents and manages the property. In doing so, the company improves many lives by creating commerce and jobs for the construction industry, while increasing the standard of living for communities with fresh and innovatively designed homes.

The company also provides turn-key passive real estate investments for investors worldwide, who want to capitalize on the immense opportunities in Chicago real estate.

Elite Invest, LLC owns or manages over 1000 rental properties.

Connect:

Website: www.eliteinvest.com  
Facebook: facebook.com/EliteInvestLLC 
Twitter: @EliteInvestChi

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SOURCE Elite Invest



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