Eric Mallon
Chicago, IL (USA)
Role(s):
Founder/Owner/Principal
325 Development
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Startup
Location:
Chicago
Industry:
Real Estate
Year Founded:
2004
Number Employees:
1-10 people
Description:
325 Development is locally-owned and operated real estate development company based in Chicago, and founded in 2004 by the brother-sister team of Eric and Elizabeth Mallon.
325 Development has focused on ground-up residential development for the past four years, with revenues over $8MM in that time. Now, as real estate markets have shifted, we are acquiring stable, market rate, income-producing rental properties in established and up-and-coming Chicago neighborhoods. We are targeting properties that have been recently updated, as well as value-add opportunities.
325 Development is currently seeking equity investors and joint venture relationships for the acquisition of mid-size multi-family and mixed use rental properties in Chicago that realize significant positive cash flow and generous annualized returns.