Chicago multifamily building on West 18th Street, Pilsen

Director · Essex Three-Twelve

Mitir Patel

Chicago multifamily brokerage, three to twelve units. I’ve spent twenty years buying and operating small apartment buildings here — that’s the read I bring to my clients’ deals.

Track record

252Closed transactions
21Years in the business
150+Units owned & operated
Top Producer

Closed transactions per MLS record; years of experience per public agent record. Units owned and managed across Chicagoland over nearly two decades. Chicago Area REALTOR® Top Producer in 2014, 2016, 2019 and 2020.

Mitir Patel

About

I’m a broker and an investor.

Mitir Patel — Director, Essex Three-Twelve

I do two things. I broker small multifamily on Chicago's North and West Sides for my clients, and I run my own portfolio — more than 150 residential units around Chicagoland, owned and managed across nearly two decades, much of it through Petir Capital, the development and holding company I co-founded, and Awayo Group, the Airbnb management company I co-own, which runs furnished rentals in Chicago and on the Michigan lakeshore. The second is why the first works: when I tell a seller what their building is worth, or tell a buyer what they're walking into, it comes from having taken buildings of my own through renovation, lease-up, legalization and reassessment.

I came to this from the pits. I studied accounting and finance at Loyola University, then traded at the Chicago Mercantile Exchange and worked for hedge funds and trading firms, which is where the underwriting habit comes from — and from my father, an investment property owner whose buildings in the northwest suburbs I helped manage as a kid. I've been investing for more than twenty years and renovating almost as long, and I've been named a Chicago Area REALTOR® Top Producer four times.

I work the three-to-twelve unit market exclusively — the segment most firms treat as too small to staff properly. I hold my license with Essex Three-Twelve, the first Chicago brokerage built for it. My family and I live in Roscoe Village, a few blocks from a good number of the buildings I've worked on. I’m a Loyola graduate, and for the last three seasons a sponsor of Ramblers men’s basketball. If you own a building in that range and want a straight answer about what it's worth, that conversation is free and it stays between us.

Companies I own

How I work

Small multifamily is its own market. It deserves its own broker.

Three-to-twelve unit buildings don't trade like single-family homes and they don't get covered like institutional assets. They sit in the gap — priced off rules of thumb, marketed with a flyer and three photos. I work that gap full time, and three things change the outcome.

A real offering memorandum

Not a flyer. Executive summary, building fact sheet, rent analysis, operating statement, financial summary, lease comparables and sale comparables — the same document an institutional asset would get, built for every listing.

Underwriting before pricing

Every number runs through a ten-year model first — debt service, DSCR, cash-on-cash, IRR, and a sensitivity table around the assumptions that actually move value. If the price doesn't survive the model, it isn't the price.

An owner's read of the building

I buy, renovate and operate buildings like these on my own account. Open violations, garden-unit legalization and the ADU program, zoning that blocks the extra unit, what a reassessment does to year two — I've dealt with all of it on my own deals first.

Projects of my own

Bought, renovated and sold — on my own account.

These are the buildings I took on as an investor rather than a broker. The prices are closed figures from the MLS or the public record, plus one independent appraisal; two of these buildings left with a legal unit they didn’t have when I bought them.

Latest project
4636-38 North Hamilton Avenue before renovation, 2024Before · 2024
4636-38 North Hamilton Avenue after renovation, 2026After · 2026

4636–38 North Hamilton Avenue

Lincoln Square · 6 Units

Bought$1,225,000Sep 2024 · 6 units
Appraised$2,700,000Apr 2026 · after a 2025 gut rehab

A six-flat in Lincoln Square, gut-rehabbed in 2025 on my own account to what the appraiser called condominium-quality finishes — new kitchens and baths in every unit, in-unit laundry, a reconfigured layout. Bought for $1,225,000; independently appraised at $2,700,000 the following spring. This is the most recent building I’ve done, and the clearest example of what I mean by an owner’s read of a building.

Renovated kitchen
Renovated living room with fireplace
Renovated bathroom
Renovated kitchen and living area
Before & after
1754 North Troy Street before, 2018: a two-flat cottageBefore · 2018
1754 North Troy Street after, 2024: a three-unit buildingAfter · 2024

1754 North Troy Street

Logan Square · 2-flat → 3-flat

Bought$308,000Mar 2018 · 2 units
Sold$1,200,000Jun 2024 · 3 units

A two-flat cottage on a Logan Square lot, taken to a three-unit building with full-floor apartments, island kitchens, double-vanity baths and a fenced yard — the same rooms, before and after, below. Bought for $308,000 with two units; sold six years later for $1,200,000 with three.

Living room before renovationLiving · before
Living room after renovationLiving · after
Kitchen before renovationKitchen · before
Kitchen with island after renovationKitchen · after
Before & after
4534 North Saint Louis Avenue before renovation, 2024Before · 2024
4534 North Saint Louis Avenue after renovation, 2025After · 2025

4534 North Saint Louis Avenue

Albany Park · Single family

Bought$305,000Oct 2024
Sold$677,000Dec 2025 · fourteen months later

A frame cottage in Albany Park, bought at $305,000 and taken down to the studs on my own account — the warren of small rooms opened into one living-dining-kitchen run, a new kitchen with an island, new baths, new floors throughout, and a rebuilt front porch. Sold for $677,000 fourteen months after I bought it. The same rooms, before and after, below.

Living and dining rooms before renovationLiving · before
Living and dining rooms after renovationLiving · after
Front porch before renovationPorch · before
Front porch after renovationPorch · after
Before & after
3415 North Damen Avenue before, 2017: a frame cottageBefore · 2017
3415 North Damen Avenue after, 2019: a two-storey houseAfter · 2019

3415 North Damen Avenue

Roscoe Village · Single family

Bought$530,000Mar 2017
Sold$1,175,000Oct 2019

A one-and-a-half-storey frame cottage on a Roscoe Village lot, bought for $530,000 and rebuilt as a full two-storey house — the brick two-flat next door is the same in both photographs. Sold two and a half years later for $1,175,000.

Chicago apartment buildings

2968 North Lawndale Avenue after renovation

2968 North Lawndale Avenue

Avondale · 3-flat → 4-flat

Bought$320,000Oct 2013 · 3 units
Sold$970,000Apr 2023 · 4 units, 2% over ask
2338 West 18th Street after renovation

2338 West 18th Street

Pilsen · 3 units

Bought$380,000Mar 2020
Sold$555,000Oct 2022
5115 North Western Avenue after renovation

5115 North Western Avenue

Lincoln Square · 3 units

Bought$401,000Mar 2014
Sold$680,000Jul 2022
2310 West Winnemac Avenue after renovation

2310 West Winnemac Avenue

Ravenswood · 2 units

Bought$248,000Feb 2009
Sold$517,000May 2022
2719 North Ridgeway Avenue after renovation

2719 North Ridgeway Avenue

Logan Square · 2 units

Bought$267,000Aug 2013
Sold$475,000Feb 2019
Renovated apartment kitchen at 914 North California Avenue

914 North California Avenue

Humboldt Park · 7 units, mixed use

Bought$730,000Jul 2022 · 2 storefronts, 5 apartments
StatusHeldRenovated & leased
1503 West 19th Street, Pilsen

1503 West 19th Street

Pilsen · apartment building

Bought$771,000May 2021
StatusHeldRenovated & leased
2652 West 23rd Place, Little Village

2652 West 23rd Place

Little Village · apartment building

Bought$425,000Sep 2018
StatusHeldRenovated & leased
2652 West 21st Place, Little Village

2652 West 21st Place

Little Village · 3-storey brick

StatusHeldRenovated & leased
2651 West Armitage Avenue before renovation

2651 West Armitage Avenue

Logan Square · 2-flat

Bought$221,000Oct 2014 · as-is
StatusHeldRenovated for my family, now leased
Renovated apartment at 1810 West Melrose Street

1810 West Melrose Street

Roscoe Village · 2-flat

Bought$560,000Jun 2007
StatusHeldRenovated & leased
7731–33 South Kingston Avenue, South Shore

7731–33 South Kingston Avenue

South Shore · 6 units

Sold$460,000Aug 2021

Suburban townhome flips

4043 Princeton Court, Streamwood

4043 Princeton Court

Streamwood · townhome

Sold$192,000Nov 2022
1311 Kingsbury Drive, Hanover Park

1311 Kingsbury Drive #D

Hanover Park · townhome

Sold$189,900Jan 2023 · new kitchen and baths
1557 McKool Avenue, Streamwood

1557 McKool Avenue

Streamwood · townhome

Sold$200,000Oct 2023 · 3 bed
4094 Quincy Court, Streamwood

4094 Quincy Court

Streamwood · townhome

Sold$239,900Feb 2024 · full renovation
1503 McKool Avenue, Streamwood

1503 McKool Avenue

Streamwood · townhome

Sold$256,000Jun 2024 · 4 bed, full renovation

Southwest Michigan

8653 Little Paw Paw Avenue, Watervliet, Michigan

8653 Little Paw Paw Avenue

Watervliet, Michigan · lake cottage

Bought$165,000Jul 2021
Sold$250,000Jul 2024 · renovated, ran as a short-term rental
A-frame house at 5081 North Watervliet Road

5081 North Watervliet Road

Watervliet, Michigan · A-frame on 1.26 acres

Bought$331,000Oct 2020 · Paw Paw Lake view
StatusHeldRenovated

Beyond the flips: I built my family’s home in Roscoe Village from the ground up, and oversaw construction at 1916 West School Street.

Managed for investors

Buildings I ran — for an LLC I managed.

A third role, alongside the two above. These were held by an LLC I managed on behalf of an investment group. I ran the entity and I ran the work: scope and budget, permits and zoning, hiring and riding the trades, and getting each building delivered and leased — and on most of them I brokered the purchase and the sale as well. Not my capital, but my read of the building and my name on how it turned out.

  1. 013634 North Damen Avenue
  2. 021530 North Greenview Avenue
  3. 031446 West Fletcher Street
  4. 042025 West Melrose Street
  5. 051317 West Foster Avenue
  6. 065507–09 North Lincoln Avenue
  7. 073800 West Diversey Avenue
  8. 083942 North Bernard Street
  9. 093631 West Wolfram Street
  10. 104908 West Byron Street
  11. 113510 West Irving Park Road
  12. 123130 North Monticello Avenue
  13. 133131 North Monticello Avenue
  14. 142938 North Hamlin Avenue
  15. 152734 North Lawndale Avenue
  16. 163555 North Milwaukee Avenue
  17. 172658 West Huron Street
  18. 182324 West Monroe Street
  19. 192437 West Taylor Street

Prices, unit counts and scope of work are the owners’ business, not mine to publish.

What clients say

In their words.

Mitir Patel has helped me find several multi-unit properties in Chicago. All have worked out extremely well.

Michael F.Investor · repeat client

Mitir has extensive market knowledge and is a strong negotiator. My financed offer was accepted over a cash offer, despite being contingent on construction financing.

Dominic P.Buyer · Roscoe Village

Mitir helped me both buy my new home and sell my old condo. He sold my condo for more than I anticipated, and it was the highest selling price in the entire building.

Ankur J.Seller and buyer · West Loop

As a first-time home buyer, I could not be happier with Mitir leading the way. I purchased a multi-unit home by using both his professional and personal experience.

Brandon L.First-time buyer · Logan Square multi-unit

From client reviews on Zillow, where fourteen of fifteen are five stars.

Current listings

Buildings I’m representing now.

Private · Off Market 3816 West Irving Park Road, a brick building in Chicago

3816 West Irving Park Road

Chicago · Mixed Use

Marketed privately at the seller’s direction rather than listed on the open market. This is the kind of building that never reaches a public search — ask me for the package.

Price
$1,150,000
Type
Mixed Use
Status
Private
For Sale 4800 South Winchester Avenue, ten units across three buildings in South Chicago

4800 South Winchester Avenue

South Chicago · 10 Units

Ten units across three buildings on one parcel — a per-unit basis that is getting hard to find inside the city.

Price
$899,000
Per Unit
$89,900
Units
10
For Sale 2325 South California Avenue, a six-unit building in Chicago

2325 South California Avenue

Little Village · 7 Units

A seven-unit brick walk-up in Marshall Square — three 1-beds, two 2-beds and two 3-beds — and the largest of my current listings, brought to market in August.

Price
$1,375,000
Per Unit
$196,429
Units
7
Bldg SF
4,963
Price / SF
$277
Listed
Aug 2026
For Sale 518 South Western Avenue, a mixed-use building with a storefront

518 South Western Avenue

Chicago · Mixed Use · 2 Units

A two-unit mixed-use building on Western Avenue, offered with the adjoining land.

Price
$699,000
Per Unit
$349,500
Units
2
For Sale 2821 West 25th Street, a six-unit brick building in Chicago

2821 West 25th Street

Chicago · 6 Units

A six-unit building on 25th Street at just over $100,000 a door, listed with Quinn Evans.

Price
$650,000
Per Unit
$108,333
Units
6
For Sale 4140 North Western Avenue, a two-unit mixed-use building

4140 North Western Avenue

Chicago · Mixed Use · 2 Legal Units

Mixed use on the Western corridor, offered with the land. The building is vacant — ask me about the garden unit and the route to legalising it.

Price
$599,000
Per Unit
$299,500
Legal Units
2
For Sale 2916 West 25th Place, a five-unit building in Little Village

2916 West 25th Place

Little Village · 5 Units

Five units under $100,000 a door — the entry point into the market I work, and a building a first-time investor can actually operate.

Price
$489,000
Per Unit
$97,800
Units
5

Under contract

PropertySideStatus
3224 North Linder AvenueBelmont Cragin · 6 units My listingUnder contract
909 North Leavitt StreetChicago · multifamily Buyer representedUnder contract
3501 North Damen AvenueRoscoe Village · multifamily Buyer representedUnder contract

Prices stay confidential until closing.

Past sales

Twenty-one years of closings.

252 closings on the MLS, $149 million in total volume — 96 of them, $68.8 million, in the past five years. 167 were two-to-twelve-unit or mixed-use buildings, and 70 sold above their list price. Multifamily first, then most recent.

PropertySidePriceClosed
3141 N Oakley3 units Seller$1,249,900Aug 2026
840 N Damen5+ units · sold 2% above list Buyer$1,501,000Jun 2026
2552 N Kildare5+ units Seller$1,045,000Jun 2026
Address withheld4 units · Chicago 60622 Seller$1,200,000May 2026
4335 N Damen2 units Buyer$1,067,500May 2026
3601 W DiverseyMixed use Seller$615,000Feb 2026
3801 N Albany4 units Buyer$570,000Oct 2025
2437 W Taylor2 units · sold 6% above list Seller$527,000Sep 2025
2607 W Haddon5+ units Buyer$1,100,000Sep 2025
2232 W Irving Park5+ units Buyer$1,437,500Aug 2025
3330 W Hutchinson3 units Seller$795,000Aug 2025
2622 W Crystal3 units · sold 1% above list Seller$870,225May 2025
1617 W Berwyn2 units Buyer$865,000Mar 2025
2445 W Ainslie2 units Dual agency$671,000Jan 2025
2301 N Leavitt5+ units Buyer$1,400,000Nov 2024
3130 N Monticello2 units Seller$620,000Nov 2024
1311 W Ohio5+ units Buyer$935,000Sep 2024
1322 W Ohio5+ units Buyer$950,000Sep 2024
3703 N Christiana2–4 units Buyer$600,000Sep 2024
4636 N Hamilton5+ units Buyer$1,225,000Sep 2024

Five-year production and closings per public MLS record. Side shown where recorded. Every address has its own page.

Recognition & press

Sold · Roscoe Village 3141 North Oakley Avenue, a three-unit brick building in Roscoe Village

3141 North Oakley Avenue

3 Units · Closed August 2026

Sale Price
$1,249,900
Of Asking
100%
Offers
3

Represented the seller. Three offers, two of them competing, and a full asking-price contract — without the building ever going live on the MLS.

“Our goal from the beginning was to maximize the seller's sale price while strategically exposing the property to the right buyers.” Mitir Patel, in Connect CRE

Get in touch

What is your building actually worth?

Send me the address and the rent roll. You'll get a written opinion of value with the comparables it's built on — not a number over the phone. No cost, no listing agreement, no obligation.