John Warren Presto Properties, Inc
Counties: Cook County and Lake County
Cities and Towns: Riverside, North Riverside, Berwyn, Forest Park, Broadview, Brookfield, Lyons, Stickney, Forest View, Cicero, Oak Park, River Forest, Elmwood Park, Summit
Licensed Since: 2015 | IL License # 471020680
About John Warren
I am a licensed real estate agent and the owner of Presto Properties, Inc. As a real estate agent, I focus on helping other investors maximize their profit as they buy or sell their investment properties. My area of expertise is in the near southwest Chicago suburbs. As an investor, I invest in apartment buildings. I currently own 33 units, and am actively looking to acquire more large apartment complexes. I specialize in value add investing, and have taken down several apartment complexes that require a good amount of construction.
To learn more about John, listen to his interview on The Rental Income Podcast:
The Secret to Buying Rentals with a Partner (Ep 208)
He Did a BRRRR on a Small Apartment Building and Increased Cash Flow $11K a Month with John Warren (Ep 271)
The Southwest Chicago suburbs are ideally located near the loop, but offer much more affordable entry prices than the city itself. We have a healthy mix of cash flow and appreciation potential with the added security of being a part of one of the nations largest markets.
Investment Price Points
Entry level investments in my market typically range from $100,000 at the low end to about $400,000 at the higher end for small multifamily properties. Most investors I work with target B and C class neighborhoods with hopes of getting 10-15% COC returns as well as strong internal rates of return long term. Appreciation is absolutely a factor in investing here, although we are able to balance appreciation with cash flow.
Free Report: Demographic and Housing Data on the Southwest Chicago Market
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