Author: abdulflorez
Ali Ata Purchases and Plans to Rehabilitate Multifamily Residential Building in Illinois
The building, which can be found at 8401 S. Harlem Ave. in Burbank, Ill., is located on Chicago’s North Shore and overlooks Lake Michigan. According to Ata, AAIM Development will perform a complete rehabilitation/upgrade of all units, including installing new heating and air conditioning systems. Ata said these changes will provide immense value to future tenants, thus contributing to tenant retention and a strong bottom line for AAIM Development going forward. According to Ata, Chicago’s multifamily real estate market contracted sharply in response to COVID-19, which led to the loss of about 250,000 jobs by the end of 2020’s third ... Read more