All Forum Posts by: Aimee Derylo

@Allison O. I think the rent estimate tool is probably better on a national average level than it is at a hyperlocal level.  Especially when you have areas like ours where things differ dramatically from one part of town to another.  A 2-bed rental right in town with parking and a block from the train station would definitely fetch more than the same one down on the 75th Street corridor.  I'm happy to do a rent estimate for you as well.  Just let me know

Hi Allison,

It's great that you're really thinking through the numbers when considering this large of a project. (or truly even for the smaller ones)  I'm a long-time Downers Grove resident and an active real estate agent in our market.  I agree with Caleb that you should closely look at comps and overall market conditions to assess the return on investment.  Typically that involves looking back at comps 6 months or fresher as you've noted.  However, we're in a strongly pivoting market, so there are a number of additional factors to review.  Not the least of which is being on a "main street" in this area can mean very different things, depending on if you're talking about something like being on Main north of the tracks or down on Belmont near 63rd St.  Buyers & renters evaluate these uniquely.

I'm actually in Downers Grove too! Just getting started over here, but have been in real estate for the past 11 years.  I've never found another wealth builder quite like real estate investing. 

Thanks guys!!  This is actually for a single family home I already own.  Some new cracking has developed rather suddenly so we need to investigate whether foundation work is needed.

Can anyone recommend a structural engineer in Chicago's west/southwest suburbs?  And how much did an inspection cost?

@Account Closed This might be what you’re looking for 

We meet once a month, and the meetup happens to be this evening!

Aimee Derylo