Category Archives: Chicagoans

Existing Opportunities for Chicago Real Estate Investors Such As Majeed Ekbal

Existing Opportunities for Chicago Real Estate Investors Such As Majeed Ekbal

Property tax bills will likely go up in many neighborhoods around Chicago particularly between Chicago Avenue and North Avenue on the Eastside along Chicago River’s North Branch. This is after homeowners assessment rose up more than 48%. The increase is expected to be effected when the property tax increase by Mayor Rahm Emanuel takes off next year. The increase will majorly be felt between the intersection of Halsted and Division streets.
The 48% increase in residential property based on the completed assessment is the largest average increase to be experienced in Cook County in recent times. The proposed tax rate approved by the city council in late October alongside the new assessment will hit homeowner living in CTA’s North, Clybourn Red Line, and Chicago Avenue Brown Line. The reassessment is usually done after every three years and this year’s median increase in the city’s 184 neighborhoods was 10.4%.
Other areas that witnessed big jumps are the East Village, Streeterville, and River North. Much of the rise is attributed to recent turn of events with many townhouses and condos developments completed. While some section assessment rates rose, other areas experienced a fall. Areas like Long wood Manor fell by 9.5% just like other parts of Rogers Township. However, most of the homeowners bills will not go up since most of the homes are valued under $250,000. The mayor’s plan protects homes against the tax increase at that level.
Many investors have taken advantage of the real estate boom in Chicago given that the city is recovering well from the recession experienced in the 2000’s. One such investor is Majeed Ekbal. He has been active in the real estate sector of Chicago for a considerable time. Aside from the real estate sector, Majeed Ekbal is a new business development and marketing professional that has created global marketing campaigns for more than 15 years.
Majeed Ekbal is the founder of Expresso Inc. The corporation caters for client’s convenience by making grocery purchases and items from leading stores at a cost of between $5 and $10. The firm can also order staff from outside the state. It works with Federal Express in delivering the groceries. In this new venture, Majeed Ekbal works with Eagle, Jewel, and Dominick, three of the leading supermarket chains in Chicago. Majeed Ekbal is a graduate of the American University. Follow him on Twitter to stay up-to-date.