North Center - 2048-50 Belmont, Chicago, IL

                     2048 & 2050 W. Belmont, Chicago, Illinois (Shudder Club, LLC)   

Prelude Development, Inc. completed construction on this sensational property located in the hot North Center (Roscoe Village) neighborhood of Chicago, Illinois (Belmont @Hoyne, near Damen).  This 6 unit new construction building was delivered back in the Summer of 2005.  There are 4 approximate 1,800sf, 3 bedroom, 2 bath residential condominium units and 2 approximate 1,600sf retail stores for lease.

Invest
This $2.3 milllion dollar project is open for investment and is projected to return 17% annualized to equity investors.  As of December 2004, the project requires $485,000 of equity of which approximately $235,000 has been arranged.  As an alternative to equity, the developer is willing to personally guarantee at an annual rate of 8.5% Investor loans to this project.

To learn more about investing in or lending to any of our projects, please contact Chris at (847) 699-7600 ext. 17 or chris@preludedevelopment.com.