Chicago - United States of America
A fantastic investment opportunity, this property is comprised of a single-family home, originally constructed in 1923. The property has 4 bedrooms, 2 bathrooms.
Chicago
Voted by Conde Nast as the best city in the US for the ninth year in a row, Chicago, with its vast green spaces and world-renowned architecture, is now taking the culinary world by storm with multiple world class restaurants as diverse as the city itself. Centrally located in the US, its airport hub at Midway is fueling the cities renaissance and growth.
Chicago is the third-largest city in the U.S., right behind New York and Los Angeles, a major world financial center and home to the second-largest central business district in the U.S. Key industry sectors in Chicago include business and professional services, food industry, transportation, and logistics, life sciences and healthcare, technology, and manufacturing. Much of the Housing Stock in Chicago was built prior to World War II, making it one of the older and more historic cities in the country. The architecture of Chicago has influenced the history of American architecture and Chicago’s buildings in a variety of styles by many important architects. The Median Home value is expected to increase by 4.36% by the end of this year. The rent increased by 6.8% over the last year, following an increase of 13.4% in 2 years. Inventory of properties for sale was reduced by 18.5% over the last 12 months.
Burnside
Burnside is located 11 miles south of downtown Chicago. This is a residential area that primarily offers single-family homes and fewer multi-units and provides families with numerous amenities. Appreciation rates have been vital in this area with property prices appreciating by 6.83% over the last year and a total appreciation forecast over the next 3 years of 17.34%.
Strong Tenancy
The property is fully certified and comes under the Federal Government's Section 8 program. There is an existing Section 8 tenant in place and his lease will be transferred to the new owner. Further info for Section 8
Strong Market Fundamentals
Our experienced and professional real estate team review each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing program.
Good Condition
This property has undergone a detailed inspection and only minor decorative repairs are required in order to achieve the target rent and maximise the returns.
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