Investor profile - IL
Steve Shah
Steve Shah is a real estate investor and operator based in Chicago, IL-IN-WI. Public filings show activity across 9 properties held through 8 holding companies. Recent mortgage relationships include First National Bank of Brookfield, Community Bank of Elmhurst, and Old Second National Bank.
Steve's Activity
As of December 2025, public records show approximately $4.7M in recorded mortgage exposure linked to this investor across at least 8 mortgage filings and 9 properties held through 8 holding companies. Activity appears concentrated in multifamily and residential assets recorded between 2017 and 2025.
Primary Geography
Chicago, IL-IN-WI
ZIP codes: 60614, 60076, 60613, 60622, and 60625
Most recorded activity for this investor appears in CHICAGO, SKOKIE, and LINCOLNWOOD.
Property Type Breakdown
Associated Entities (8)
IL · 0 properties · 2 mortgages
IL · 2 properties · 2 mortgages
IL · 0 properties · 1 mortgage
+5 more not shown
Mortgages (8)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 09/09/2025 | $1.5M | Open | First National Bank of Brookfield | ARS PROPERTY DEVELOPMENT LLC UKRV | 843 N LEAVITT ST, CHICAGO, IL 60622 2F |
| 09/09/2025 | $450k | Open | First National Bank of Brookfield | ARS PROPERTY DEVELOPMENT LLC MONTICELLO | 8425 MONTICELLO AVE, SKOKIE, IL 60076 |
| 08/22/2023 | $469k | Open | Community Bank of Elmhurst | LUMINA REI LLC | 5144 N AVERS AVE, CHICAGO, IL 60625 |
+5 more not shown
Owned Properties (9)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 5701 N SHERIDAN RD, CHICAGO, IL 60660 14Q | FERID SEFER | Sold | $126k |
| 1636 N WELLS ST, CHICAGO, IL 60614 1005 | US BANK TRUST NA NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS OWNER TRUSTEE FOR VRMTG ASSET TRUST CO SHELLPOINT MORTGAGE SERVICING | Sold | $0 |
| 3650 N FREMONT ST, CHICAGO, IL 60613 | ARS PROPERTY DEVELOPMENT LLC LUNT AN ILLINOIS LLC | Owns - 3.0 yrs | $0 |
+6 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in multifamily and residential properties across Chicago, IL-IN-WI.
What companies is Steve Shah associated with?
Steve Shah is associated with 8 entities based on extracted signatures from public records. Key entities include ARS PROPERTY DEVELOPMENT LLC ESTES, LUMINA REI LLC, ARS PROPERTY DEVELOPMENT LLC LUNT, ARS PROPERTY DEVELOPMENT LLC UKRV, and ARS PROPERTY DEVELOPMENT LLC.
How many properties are associated with this investor?
At least 9 properties are associated with Steve Shah and the entities they control, based on signatures extracted from recorded documents connecting Steve Shah to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references First National Bank of Brookfield, Community Bank of Elmhurst, and Old Second National Bank, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2017 through 2025, with the most recent mortgage recorded in 2025.
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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