PRG Management has recently completed a project for an investor to help acquire, manage, rehab, and flip an investment property at 1328 S Kolin in Chicago. This project was another opportunity to collaborate with Pearson Realty Group, who assisted in a profitable flip for the investor. PRG Management’s Investment Management Division handled the rest of the project scope from managing the tear-down and new construction with vendors to coordinating with the property’s former occupants. See below for before & after photos and details of the project. Details here for the Purchase Price and Sales Information for this property.
INVESTMENT Project Management
After the investor acquired the lender-owned property at 1328 S Kolin Ave, through the assistance of Pearson Realty Group, PRG Management was brought on board to manage the rehabilitation side of the project. The property was in significant disrepair and required a comprehensive plan to make it market-ready. PRG Management’s Rental and Investment Management teams handled the entire rehab process, from initial inspections to coordinating with vendors and ensuring that each phase of the project stayed on time and within budget. Our investment management team’s years of experience and local market knowledge made a significant difference in turning a distressed property into an appealing Chicago home.
Rehab DETAILS
PRG Management's experience in managing various Chicagoland rehab projects allowed us to easily oversee every detail of the 1328 S Kolin Ave project. From integral structural and Chicago code improvements to visually appealing aesthetic upgrades, we ensured that all work was performed to the highest standards using only highly vetted vendors. With our focus on project efficiency and maintaining clear communication with all parties, the investment property was successfully flipped, with an increased market value and profitability for the investor.
Take a look at some of the before and after photos of 1328 S Kolin Ave below
Tenant Management
An important aspect of the 1328 S Kolin project was communication with the current tenants who were occupying the property before the rehabilitation. This is a common occurrence in REO properties, such as bank-owned and lender-owned properties, which have typically defaulted on some sort of loan. PRG Management ensured that all tenant concerns were addressed and facilitated an amicable resolution to the situation. Finding a new space for the current tenants allowed us to complete construction and inspections with no delays and without conflict.
Thanks to Pearson Realty Group’s assistance with the purchase and sale of 1328 S Kolin and PRG Management’s property managers for their commitment to a high standard in project management and tenant care. By closely collaborating, this partnership between our two companies was able to meet the investor’s goals, ensuring the 1328 S Kolin flip was a profitable project.
If you’re an investor looking for guidance with taking your project from concept to completion, contact PRG Management’s Investment Management team today here or by filling out the form below. From vendor and tenant management to the nitty gritty details of rehabilitating a property, PRG Management is the go-to Chicagoland investment property expert.