December 2020 Newsletter

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Invest in what you know

For many of us, Thanksgiving was different this this year. Fewer attendees at the table due to travel restrictions and public health advisements, maybe a zoom call with the extended family. For me, my family experienced our first holiday without our father.

Given that 2020 has been a surprisingly productive year for Coordinate Properties, this loss hit hard. From the beginning, my father was my inspiration in starting my own business. In 1952 he passed through Elis Island by ship before settling into a home in West Lincoln Park with his family. Since the age of 5, he worked dozens of odd jobs, supported himself through school until he eventually became a well respected orthopedic surgeon. An entrepreneur himself, he opened his own medical practice and used his income to start investing in real estate. One of the greatest lessons he taught me was to “only invest in what you know.” When he first started investing in real estate in the 1970s, Lincoln Park was much different than today and most investors steered clear of the area. The first building my father bought, on his own, is now the current home of Coordinate Properties at 815 Armitage Ave. I know my father had a good aesthetic eye, but he also had the imagination and vision for the potential of what things could be.

Whatever loss this year has brought to anyone, may it also be your inspiration. 2021 is right around the corner and with it, a lot of change. I am not saying that it will go back to the world we knew pre-pandemic, but may we all have the strength to make the changes we want to see. As we set our sights forward, in pursuit of imagined potentials, we know how important a good team is in translating those dreams to reality. Always on the look out for entrepreneurs needing property for their pursuits, we look forward to the day we will trade the virtual convenience of zoom meetings for the tangible aspect of being present. 

1224 W Belmont, Chicago IL
Need a new base of operations for your business? Come check out this ideal retail location in the Lakeview theater district. High ceilings, basement space, and a mezzanine are just some of this properties unique features. Additional storage and a built in kitchen are further amenities included with this rental. Plenty of foot traffic on Belmont, an overhanging sign, plus easy access to the Belmont CTA are just what you need to get your business noticed. 
 

Spiros G. Stamelos, MD


Spiros lived a prodigious and wonderful life and I am lucky to call him my father. Known for compassion, his service to others, and his dedication to his family, he is a constant source of inspiration.
 

Read his obituary here.

 
 
 
Lincoln Park ZooLights



Looking for an excuse to leave the house these days? Get into the holiday spirits by visiting the festive ZooLights exhibit with your loved ones. With select dates and limited admissions, get your tickets soon! Find out more below.

 

Active Listings

Check out our updated listings including commercial and residential rental spaces and newly constructed residential homes for sale. 
Interested in exploring your real estate options for this upcoming year? Start the conversation now and lets find the perfect fit for your specific needs. Have a happy and safe holiday season, we wish you the very best. 
 
info@coordinateproperties.com
(847) 409-4900
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© Coordinate Properties 2020 ¦ All Rights Reserved by Coordinate Properties

Coordinate Properties is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. 

Our mailing address is:
815 W Armitage, Second Floor, Chicago, IL 60614
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