Sell Your Apartment Building in Chicago

 

Private Sales to Developers (Off-Market Options)

Not every property owner wants to publicly list a redevelopment site.

In many cases — especially with multifamily, mixed-use, or land assets — privacy matters. Public listings can trigger tenant anxiety, broker chatter, neighborhood speculation, or unnecessary market noise.

For owners who prefer discretion, a direct-to-developer sale can be structured quietly.

Why Some Owners Choose a Private Developer Sale

1. Tenant Stability
If you own a 5–80 unit building or mixed-use asset, publicly listing it can create uncertainty among tenants. A direct conversation with a qualified developer avoids unnecessary disruption.

2. Controlled Information Flow
You decide what information is shared, with whom, and when. There is no broad marketing blast or uncontrolled property tours.

3. Real Underwriting — Not Just Offers
Developers evaluate zoning potential, density, NOI, repositioning upside, and redevelopment value. That often produces a more strategic offer than a generic investor underwriting only current rents.

4. Flexible Structuring
Direct transactions can include:

  • Delayed closings
  • Leasebacks
  • Phased exits
  • As-is purchases with violations or deferred maintenance
  • Tenant coordination strategies

When structured properly, these deals are professional, confidential, and efficient.

Is a Private Developer Sale Right for You?

A quiet sale may make sense if:

  • You own a multifamily building with value-add potential
  • You control a redevelopment site
  • You have zoning or density upside
  • You prefer certainty over “testing the market”
  • You want serious underwriting before going public

If your property is best positioned for a broad-market listing, we will tell you that. The goal is alignment — not pressure.

Multifamily & Mixed-Use Owners (5–80 Units)

If you own a 5–80 unit apartment building or a mixed-use property, you may qualify for a developer-style underwriting review rather than a traditional investor comp analysis.

We can evaluate:

  • Cap rate and NOI
  • Value per door
  • Zoning and density potential
  • Redevelopment feasibility
  • Mixed-use repositioning upside

Next Step

If you prefer a private, direct discussion rather than a public listing, request a confidential valuation review.

We can evaluate:

  • Land value
  • Multifamily buildings (2–80 units)
  • Mixed-use properties
  • Redevelopment opportunities

Request a Confidential Developer Review Using Feeback Form Below→