Desmond Clark has chosen to partner with Micheal Altheimer of Miro Development.
Miro Development is led by Michael Altheimer, who is an alumnus of DePaul University and started his real estate career at the age of 19 while a Finance student. His early education also included working alongside local as well as multinational real estate developers and finance specialists. Prior to college, employment with Chicago based mortgage companies provided an understanding of the structure of residential real estate, and his entrepreneurial prowess lead to the independent development of his initial rehab projects. In early 2000, Michael’s first series of transactions were structured as “buy, renovate and sell” projects located on Chicago’s South Side. Michael’s thorough knowledge of the renovation process has led to the development of an efficient construction team that has the ability to complete routine maintenance of residential and commercial buildings, as well as extensive, code compliant renovations. Michael has become a trusted voice in real estate and has been featured on panel discussions for Crain’s Chicago Business and other media outlets. Most recently, Michael was honored as Crain’s Business 40 under 40.
The next several years are posed to reshape and redefine the Woodlawn neighborhood with the Obama Presidential Center moving in.Incredible opportunities for beautiful Brownstones exist in the Southside of Chicago for 10% of the cost to similar comps in NYC.Brownstones in 1985 Manhattan sold for $250k and are now worth at least $5 million or more. We see the same potential in South Chicago.