Richmond Revival

Putting a new ADU ordinance to use. In Chicago.
- Add density. Leverage Chicago’s pilot ADU ordinance to add density to an existing property
- Area affordability. Keeps area real estate costs down by increasing density from two units to three units
- Affordable. Owner occupant can offset their mortgage payments with income from the two rental units
- Favorable financing. Low down payment programs for owner-occupied 2-4 unit buildings available through both Fannie Mae and FHA
- Flexibility. A total of three units available for owner-occupant or tenant use
- Lots of light. Extra-wide lot creating permanent southern exposure
We are acquiring and renovating a two-flat property at 1637 N Richmond in Chicago (the “Property”). The plan is to remodel the Property into three distinct units: an “owner’s unit” on the top two floors, comprising a duplex with living space on the second floor and attic; a rental unit on the first floor; and an Accessory Dwelling Unit (ADU) in the basement (the “Project”). The ADU complies with zoning and infrastructure requirements, enabling immediate use as a rental unit under Chicago’s ADU ordinance.
Show MoreRobert Linn is a real estate professional and developer whose passion for craftsmanship was ignited in his family's woodshop during his childhood. This laid the foundation for a career dedicated to quality and innovation in the built environment.Robert holds dual degrees in Architecture and Engineering from the University of Michigan, providing an educational foundation that underpins his multifaceted expertise. He began his career in the specialized field of ship design before transitioning into consulting, where he applied his technical skills to the real estate sector. His commitment to continual growth led him to earn a double major in Finance and Management from Indiana University on a scholarship, further enhancing his ability to navigate complex financial landscapes.
The Project is located in Logan Square, a high-demand neighborhood in Chicago known for its historic charm, walkability, and vibrant local culture. With its mix of trendy restaurants, parks, and convenient public transit options, Logan Square attracts a steady influx of residents, particularly young professionals and families looking for a blend of urban amenities and residential appeal. These qualities, along with rising property values and rental rates, make Logan Square an ideal area for real estate investment.
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