The Chicago Urban Development LLC is a commercial real estate development company that focuses on commercial development in the Chicagoland area. Our business model is to acquire undervalued commercial real estate and transform them into highly profitable sustainable commercial properties.
We find undervalued commercial real estate with under 50% occupancy in high-concentrated, affluent urban centers. Our ideal property will have an estimated 20-50% ARV.
Most of the properties that we identify have some level of distress. In these instances, with our development team, we rehab the property to bring it to our high standards which will immediately increase its value.
We integrate our business model of hotel, hospitality and event space and we customize it to appeal to the area demographic population which will increase the Net Operating Income which will in turn increase the value of the property.
Once we integrate our business model into the commercial real estate to bring it to full occupancy it will be managed by our team of management professionals in hotel, hospitality and real estate to ensure its long-term sustainability.
property requirements
SIZE - 35,000sf-85,000sf
We look for commercial properties that are between 35,000sf-85,000sf. This square foot range allows us enough square space to install our business model which is a mixed use commercial operation.
LOCATION - AFFLUENT URBAN CENTERS
Our portfolio will consist of properties that are in affluent urban centers ensuring that the market can support growth and sustainability.
CAPACITY - LESS THAN 50% OCCUPIED
Our ideal properties will have at least less than 50% occupancy of commercial tenants. This will ensure an immediate increase of value with the property with the installation of our business model.
PRICE - MARKET VALUE OR BELOW
Our properties must be at market value or less. Our real estate brokerage firm does due diligence to ensure that our properties are purchased at a fair to great rate.
TARGET AREA DETAILS
The Loop areas are a lively hub of classic bars and diverse restaurants. Home to Chicago’s commercial core, it is the second largest commercial business district in North America and contains the headquarters and regional offices of several global and national businesses, retail establishments, restaurants, hotels, and theaters, as well as many of Chicago’s most famous attractions.
AVERAGE HOUSHOLD INCOME
The average household income in these areas is $97,528.41, which makes this a affluent community.
MEDIAN AGE
The median age in these areas is 33.6 years. This is a demographic that supports the hospitality industry.
POPULATION
The population in these areas is 48.47% Male and 51.53% Female, giving this community a healthy balance in gender.
HOUSING UNITS
The housing units currently stand at 11,278, with a substantial growth in housing in the past 10 years.
TRANSPORTATION
Our projects are near all of major public transit lines, making our project highly accessible.
INTERSTATE HIGHWAYS
Our properties are generally less than one mile from many of the major interstate highways (I-290, I-90/94, I-90/94East, I-55
TOURIST ATTRACTIONS
Close proximity Lake Michigan, the Museum Campus, Downtown Chicago Attractions, McCormick Place, Soldier Field
Retail/Commercial
Many major retail establishments and hospitality businesses and restaurants are in walking distance.
areas of development
Downtown, South Loop, West Loop, Bronzeville
Comprised of Affluent Residents
Located Near 4 Major Interstates
Near Public Transportation
Safe Communities
COMMERCIAL PORTFOLIO
BRONZEVILLE
The Bronzeville Real Estate Development Initiative is a major mixed-use project planned along State Street and Wabash Avenue in Chicago’s historic Bronzeville community, beginning in 2026. The development includes four new residential buildings—three with 90 units each and one with 50 units—along with a 60-unit boutique hotel offering luxury amenities and a restored Graystone building with eight short-term rental units.
COMMERCIAL MIXED-USE
THE GUEST HAUS
SQURE FOOTAGE - 86,000 SF
CURRNT OCCUPANCY - 58%
CURRENT NOI - $350,000
COMMERCIAL MIX-USE
BRONZEVILLE CULTURAL ARTS CENTER
SQUARE FOOTAGE - 36,282 SF
CURRENT OCCUPANCY - 93%
CURRENT NOI - $812,343
RESIDENTIAL/COMMERCIAL
4101 STATE ST. APARTMENTS
SQUARE FOOTAGE - 45,000 SF
CURRNT OCCUPANCY - 78%
CURRENT NOI - TBD
RESIDENTIAL
4131 STATE ST APARTMENTS
SQUARE FOOTAGE - 45,000 SF
CURRNT OCCUPANCY - 78%
CURRENT NOI - TBD
WEST LOOP
The West Loop Real Estate Development project involves acquiring two existing commercial buildings in Chicago’s rapidly expanding West Loop neighborhood and converting them into 50 luxury residential apartments. This redevelopment aims to meet the area’s growing demand for high-end urban living by transforming underutilized commercial properties into modern, upscale housing. The project will enhance the neighborhood’s residential offerings while contributing to ongoing revitalization and economic growth.
COMMERCIAL MIX-USE
565 W. RANDOLPH
SQUARE FOOTAGE - 36,282 SF
CURRENT OCCUPANCY - 93%
CURRENT NOI - $812,343
RESIDENTIAL
1033 W. VAN BUREN
SQUARE FOOTAGE - 45,000 SF
CURRNT OCCUPANCY - 78%
CURRENT NOI - TBD
COMMERCIAL MIX-USE
747 N. LASALLE
SQUARE FOOTAGE - 45,000 SF
CURRNT OCCUPANCY - 78%
CURRENT NOI - TBD
SOUTH LOOP
The South Loop Development Project presents a rare opportunity to acquire two adjacent, income-producing residential assets on Michigan Avenue—one of the most desirable corridors in Chicago’s South Loop. The portfolio includes a stabilized luxury high-rise with 411 units and a complementary 91-unit modern senior-living building. Together, these assets offer diversified tenant demographics, strong occupancy potential, and operational efficiencies due to their proximity.
development and management team
$400
Million
Total Budget Amount
DEVELOPMENT SCHEDULE
Here are the steps that we'll be taking to get this project underway.