Investor profile - IL
Magan Patel
Magan Patel is a real estate investor and operator based in Chicago, IL-IN-WI. Public filings show activity across 3 properties held through 7 holding companies. Recent mortgage relationships include NEW BUFFALO SAVINGS BANK, Midwest Bank, and MIDWEST BANK OF WESTERN ILLINOIS.
Magan's Activity
As of December 2025, public records show approximately $4.8M in recorded mortgage exposure linked to this investor across at least 6 mortgage filings and 3 properties held through 7 holding companies. Activity appears concentrated in office and commercial assets recorded between 2013 and 2025.
Primary Geography
Chicago, IL-IN-WI
ZIP codes: 60031, 60067, and 60085
Most recorded activity for this investor appears in PALATINE, WAUKEGAN, and GURNEE.
Property Type Breakdown
Associated Entities (7)
IL · 1 property · 5 mortgages
IL · 1 property · 1 mortgage
IL · 2 properties · 0 mortgages
+4 more not shown
Mortgages (6)
Top Lenders
$2.6M · 1 loan
$1.3M · 3 loans
$925k · 2 loans
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 04/05/2024 | $420k | Open | Midwest Bank | WAUKEGAN IMMEDIATE CARE LLC | 1075 N GREEN BAY RD, WAUKEGAN, IL 60085 |
| 04/05/2024 | $424k | Open | Midwest Bank | WAUKEGAN IMMEDIATE CARE LLC | 1075 N GREEN BAY RD, WAUKEGAN, IL 60085 |
| 03/03/2023 | $420k | Open | Midwest Bank | WAUKEGAN IMMEDIATE CARE LLC | 1075 N GREEN BAY RD, WAUKEGAN, IL 60085 |
+3 more not shown
Owned Properties (3)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 920 N STERLING AVE, PALATINE, IL 60067 | CSC PALATINE APARTMENTS LLC | Sold | $83k |
| 5420 GRAND AVE, GURNEE, IL 60031 | KAJC HOSPITALITY LLC | Sold | $3.1M |
| 1075 N GREEN BAY RD, WAUKEGAN, IL 60085 | WAUKEGAN IMMEDIATE CARE LLC | Owns - 12.4 yrs | $508k |
+0 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in office and commercial properties across Chicago, IL-IN-WI.
What companies is Magan Patel associated with?
Magan Patel is associated with 7 entities based on extracted signatures from public records. Key entities include WAUKEGAN IMMEDIATE CARE LLC, KAJC HOSPITALITY LLC, KMP PROPERTY GROUP LLC, ALPHABET INVESTMENT LLC, and 2834 40 W MONTROSE LAND TRUST.
How many properties are associated with this investor?
At least 3 properties are associated with Magan Patel and the entities they control, based on signatures extracted from recorded documents connecting Magan Patel to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references NEW BUFFALO SAVINGS BANK, Midwest Bank, and MIDWEST BANK OF WESTERN ILLINOIS, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2013 through 2025, with the most recent mortgage recorded in 2024.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
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