CHICAGO, Feb. 14, 2017 /PRNewswire/ -- Elite Invest, LLC (www.eliteinvest.com), a leader in the restoration, rental and sales of single and multi-family dwellings in Chicago, announced a new initiative to provide quality, affordable home ownership on the city's South Side.
In the span of 7-years, Elite Invest has emerged as a leading developer in Chicago, specializing in restoring distressed housing, and providing quality, affordable homes to the community.
"We look forward to working with community groups and the City of Chicago to assure that our homes match the needs of the neighborhood," said Alex Al-Sabah, Co-Founder of Elite Invest. "For years, we have provided high quality rental homes with luxury condo-style features at an affordable price on the South Side. We are now applying our skills in rehabilitation and restoration to single family homes, to improve communities and create beautiful neighborhoods where the dream of home ownership can be attained."
The company plans on investing and rehabilitating homes in South Shore, Woodlawn, Auburn Gresham, Chatham, Greater Grand Crossing and Chicago Lawn.
"These communities are part of Chicago's heritage, but unfortunately, many suffer from neglect," Al-Sabah commented. "It takes private capital and initiative to work with city and community leaders to transform these neighborhoods, and it starts with affordable, high quality housing."
Elite Invest stimulates the local economy by creating hundreds of construction and tradesmen jobs, and significantly improves neighborhoods often ignored by other developers. The company's mission is to provide local residents high quality, affordable home rentals and ownership.
For information on Elite Invest, call 312-690-7711, or visit: www.eliteinvest.com
About Elite Invest:
Elite Invest rehabilitates and revitalizes urban neighborhoods. The company brings investment dollars into select communities and purchases distressed assets, then rehabilitates, rents, manages, or sells the properties. In the process, the company improves communities, creates jobs, and provides innovatively designed, affordable housing.
The company also provides turn-key passive real estate investment opportunities for qualified investors worldwide, who want to capitalize on the immense growth potential in the Chicago and Southern California markets.
Elite Invest, LLC currently manages over 400 buildings, with more than 1,000 apartments and over $100M of residential real estate assets in its portfolio.
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SOURCE Elite Invest