W. 84th Place


About The Neighborhood

W. 84th Place is a single family rental home in Chicago’s Ashburn neighborhood.  The construction of the city’s first airport, Ashburn Flying Field, in 1916 sparked the neighborhood’s early development.  TheLaird Airplane Company, a maker of racing planes, built manufacturing facilities near the field soon after.  The airport complex was closed in 1939 due to competition with nearby Midway airport and the site was redeveloped into a subdivision and shopping community.  Ashburn experienced further manufacturing-led growth during the 1940’s after the famed (though short-lived) Tucker automobile company was founded in the area.  Production demands from World War II and the Korean War brought in yet more residents and businesses.  With this influx, housing developments were built according to subdivisions, something that is not commonly found within Chicago proper.  As a result, Ashburn contains a number of smaller sub-neighborhoods with unique characteristics of their own.

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Investors should conduct their own respective due diligence and not rely on the financial assumptions or estimates that are displayed in this package. Fluctuations in the value of the assets that are the subject of any investment are to be expected. Additional risks exist due to a variety of factors, including, but not limited to, leverage, property operations, business risks, management and environmental liabilities. There is a potential for loss of part or ALL of the investment capital, and each investor should understand that all capital invested may be lost. Investors should only consider these investments if they have no need for liquidity and can bear the risk of losing their entire investment. The investments shown herein may not be suitable for you. All prospective investors are highly encouraged to retain and consult with their own respective independent legal counsel, tax and financial advisers, investment advisers and accountants. This package is only suitable, intended and available for accredited investors who are familiar with, and willing to, accept the risks associated with private investments. We do not make any recommendations regarding the appropriateness of particular opportunities for any Investor. Each investor must review and evaluate the investments in the investor’s own discretion and determine the suitability of making the particular investment. Investments are NOT insured by the FDIC or by any other Federal Government Agency, are NOT Bank deposits, are NOT guaranteed by Strata Investments. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved of these investments or passed upon the accuracy or inaccuracy of any of the information or materials provided by or through this package.