Lonnie Thomas

Mr. Lonnie Thomas formed THROOP STREET CAPITAL, LLC in 2020, a Chicago based real estate firm that specializes in investing and managing real estate assets in challenging urban areas. Whose mission is to help our city stay thriving and prosperous and we do this by acquiring vintage properties that’s maybe lacking property management and or current owners either lacks capital, sophistication or interests to allocate capital toward improvements. Mr. Thomas formed a team of trusted Advisors: Jim Hennessey, Lynn Jerath, Theo Coulis and others with impressive real estate backgrounds.

Mr. Thomas specializes in managing challenging multi-family real estate assets. Mr. Thomas is responsible for the overall direction of Throop Street Capital. He manages and oversees the firm’s investment activities which includes sourcing, underwriting, and negotiating all of Throop Street acquisitions and third party management contracts. He is fully committed to real estate investing and has tracked down some of the best people to learn from over the years.

Mr. Thomas is also on the Exec Board at Embarc Chicago. An organization that specializes in out of class learning by taking high school kids out of their comfort zone and opening them up to real world adventures. One of the best organizations in Chicago, hands down. Embarcchicago.org for more information.

$120,000
4 Beds ⋅ 2 Baths ⋅ 12185345 MLS ⋅ NEW Status
Brick 4 bedroom single family home on an oversized lot with a side drive. Perfect as rental income, a starter home or a quick flip. Needs TLC since the previous 2016 rehab. Short sale and property is being sold as-is.

7521 S Parnell Avenue, Chicago
$789,900
4 Beds ⋅ 5 Baths ⋅ 12187241 MLS ⋅ NEW Status
Beautiful 4 bedroom 4.5 bath home sitting on 1 wooded acre!! Featuring 2 master bedrooms! Private primary master suite with a double vanity bathroom. The finished basement includes a rec space, bar area & dining area. Great family neighborhood with up north feel but so close to downtown Libertyville and all it has to offer!!

747 Oak Spring Lane, Libertyville
$280,000
5 Beds ⋅ 2 Baths ⋅ 12187169 MLS ⋅ NEW Status
5 Bedroom 2 Bath Home with a this generous layout! Featuring 3 bedrooms conveniently located on the main floor, with an additional 4th & 5th bedroom in the finished basement, complete with its own full bathroom. With a formal dining room, an eat-in kitchen, and an enclosed back porch, this home offers the perfect canvas for your creativity. Both main floor and basement laundry! Situated in close proximity to schools and parks. Don't miss out!

4044 W Grenshaw Street, Chicago
$400,000
3 Beds ⋅ 2 Baths ⋅ 12185308 MLS ⋅ NEW Status
Nestled in a charming suburban neighborhood just outside of Chicago, this cozy 3-bedroom home has everything you need for comfortable living. The main level features a bright and welcoming living room that flows effortlessly into a formal dining room-perfect for family meals or entertaining guests. The spacious family room offers an additional area to relax, while the finished basement provides even more flexibility for a home office, gym, or playroom. Step outside to a large backyard finished with a beautiful deck, ideal for gatherings, gardening, or play, and enjoy the convenience of an attached garage. With its proximity to local shops, parks, and schools, this home combines suburban tranquility with easy access to everything Chicago has to offer!

1241 N 5Th Avenue, Melrose Park
$600,000
5 Beds ⋅ 3 Baths ⋅ 12180277 MLS ⋅ NEW Status
Welcome to this stunning all brick 2-flat building, fully rehabbed in 2019, offering spacious living with modern conveniences. Each floor features large bedrooms and its own washer and dryer for ultimate convenience. The finished basement includes a private in-law suite with two separate entrances, both equipped with security doors, providing privacy and flexibility for extended family.All new plumbing, electric and roof were replaced within the last 5 years. Don't miss this opportunity to own a beautifully updated property perfect for multi-family living or generating rental income.

614 N Christiana Avenue, Chicago
$2,590
2 Beds ⋅ 2 Baths ⋅ 12186785 MLS ⋅ NEW Status
Schedule a tour today to see this stunning Michigan Avenue Lofts spacious 2/2 rental! Meticulously maintained by the owner with special touches like enclosed bedrooms and a half bath converted to a full, make this a one of a kind floor plan in this coveted South Loop condo building! Wood floors, carpeted bedrooms, and upgraded and open kitchen with "like-new" Samsung stainless steel appliances (electric) and granite countertop; includes microwave and dishwasher, plus laundry in-unit. Bright and sunny throughout from the West facing oversized windows. Enjoy your view of the city skyline and stunning sunsets on your balcony in the summer, and then cozy up by the gas fireplace in the winter. Rent includes basic cable/internet from RCN, water, gas, and oversized storage locker right across the hall! You also have access to all the amenities the building has to offer including gym, business center, party room, expansive lobby, 24-hour doorman, security and package receiving. Plus you are in a prime location to enjoy everything downtown Chicago has to offer including Grant Park, Millennium Park and the Lakefront path right across the street, Michigan Avenue shopping and dining, theater and museums in walking distance, plus grocery stores, CTA, Target, and other conveniences all close by. Garage parking options available nearby. Pets welcomed for an additional charge.

910 S Michigan Avenue Unit #813, Chicago
$309,000
2 Beds ⋅ 2 Baths ⋅ 12186698 MLS ⋅ NEW Status
Why compromise when you can have it all! Gorgeous Lake and City views! This SE large & sunny 2BD/2BA home has been tastefully renovated in 2021 with thoughtful designer touches! The open concept kitchen boasts quartz counters, island, subway tile backsplash and Kitchen Aid appliance package. Additional features include large plank flooring throughout, custom window treatments, and spacious bedrooms with custom closets. Additional storage locker on the same floor as the unit. This modern, full amenity building provides a 24-hour door staff, on-site management & maintenance, receiving room, bike room, pool & sundeck, grilling space, tennis court, fitness room, laundry, conference/party rooms, and a dog run. This location is A+! Buena Park is a little village in the heart of the city offering multiple transportation options including the express bus downtown, quick walk to the lakefront via the Buena underpass. and less than a mile to Wrigleyville! Enjoy local favorites Dollop, El Mariachi, Bar on Buena, and Michael's Pizza! Monthly HOA includes heat, internet, & basic cable package. Buyer only pays electric. Leased on-site garage parking available. Investor friendly building & Pet friendly. Welcome home!

720 W Gordon Terrace Unit #20C, Chicago
$175,500
1 Beds ⋅ 1 Baths ⋅ 12184973 MLS ⋅ NEW Status ⋅ Winston Towers BLDG.
Fantastic 1 bed/ 1 bath condo in Winston Towers II. This comfortable home features newer flooring in living room and bedroom, plenty of closet space, and an amazing balcony with breathtaking views of the downtown skyline. Building amenities include: outdoor swimming pool, fitness room, laundry room on each floor, package room, and on-site indoor/outdoor parking. The building is conveniently located near Lerner Park, Jewel, Mariano's, Target, Lincolnwood Town Center, restaurants and more. Easy access to I-94/Edens. Monthly assessment includes Heat, A/C, water, cable T.V., and internet.

6833 N Kedzie Avenue Unit #1403, Chicago
$413,000
2 Beds ⋅ 2 Baths ⋅ 12185499 MLS ⋅ NEW Status
MUST SEE, ONE-OF-A-KIND 2/2 LOFT WITH ENCLOSED BEDROOMS! Schedule a tour today to see this spacious Michigan Avenue Loft! Meticulously maintained by owner, with special touches like enclosed bedrooms and a half bath converted to a full, make this a one of a kind floor plan! Hardwood floors, carpeted bedrooms, and open kitchen with Samsung stainless steel appliances including a dishwasher, plus laundry in-unit. Bright sunlight floods the unit from the West facing oversized windows. Enjoy your view of the city skyline and stunning sunsets on your balcony in the summer, and then cozy up by the gas fireplace in the winter. Pets welcomed in this building. Assessments include basic cable/internet from RCN, water, gas, and oversized storage locker right across the hall! Also includes the building's amenities of a full gym, business center, party room, expansive lobby, 24-hour doorman, bike storage, security and package receiving. Plus the prime location to enjoy everything downtown Chicago offers including Grant Park, Millennium Park and the Lakefront path right across the street, Michigan Avenue shopping and dining, theater and museums in walking distance, plus grocery stores, CTA, Target, and other conveniences all close by.

910 S Michigan Avenue Unit #813, Chicago
$1,750
1 Beds ⋅ 1 Baths ⋅ 12185430 MLS ⋅ NEW Status
Lakeview- Awesome 1-BR with ALL NEW KITCHEN, including granite counters, stainless steel appliances, and new cabinets. Hardwood floors throughout, bright living room with built-in bookshelves and decorative fireplace, separate dining room with built-in bar station, high ceilings, and HUGE shared yard. Central heat and a/c. Laundry onsite. Available immediately. No pets. Short walk to the lake. 8 min walk to Addison Red Line el stop. Broadway bus stop right outside your door. Jewel across the street. Tons of good grub nearby. Sq Ft is approximate. Sq Ft to be measured by tenant. Equal Housing Opportunity

3510 N Broadway Street Unit #2, Chicago
$850,000
3 Beds ⋅ 3 Baths ⋅ 12185025 MLS ⋅ NEW Status
Discover the epitome of modern elegance in this gorgeous townhome nestled in the heart of beautiful North Evanston, right next to Wilmette. Just steps away from the Central Street shops, restaurants, and train, this home boasts three levels of luxurious living, perfect for today's discerning buyer. Featuring a newly remodeled kitchen and a stunning remodeled master bathroom, this home marries style with sophisticated functionality and eco-friendly design. The open-concept kitchen is a chef's dream, complete with high-end finishes and modern appliances, while the master bath offers a spa-like retreat with sleek, contemporary design. With 3 spacious bedrooms, 3 full baths, and a home office, every detail has been thoughtfully curated. Enjoy the convenience of a 2-car attached garage and a private 4th-floor terrace, an entertainer's dream with its adjacent interior bar. This expansive outdoor space is perfect for gatherings or enjoying serene treetop views of lovely Lincoln Street. Designed by award-winning architect Nate Kipnis, this property is a true masterpiece of modern luxury in an unbeatable location next to Central street shops and stores.

1831 Lincoln Street Unit #1831, Evanston
$269,900
1 Beds ⋅ 1 Baths ⋅ 12180357 MLS ⋅ NEW Status ⋅ Graceland West BLDG.
Beautiful 1BR + den in Chicago's Graceland West neighborhood! This beautifully updated vintage high first floor condo is filled with charm and character. The floor plan has just enough separation to define the spaces and enough flow to entertain. It has a separate foyer, large bedroom with full wall walk-in closet, separate enclosed office space (den) with original French doors and painted brick, large living room with gas fireplace and built-ins, formal dining room and beautifully updated kitchen with stainless steel appliances. And if that's not enough, it also has hardwood flooring throughout, IN-UNIT LAUNDRY, additional shared laundry in basement for those larger items and a large private storage area in the basement! Street parking is easy and ample with permit, walking distance to parks, red and brown lines, multiple CTA bus routes, shopping and restaurants along the Southport Corridor, Irving Pk Rd. and just a stones throw away to Wrigleyville. This is an agent owned property.

1469 W Berteau Avenue Unit #103, Chicago
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