10423 South State Street

Chicago - United States of America

Properties > 10423 South State Street
EST. ANNUAL RETURN
8.48%
INVESTMENT TERM
4 years
INVESTMENT TYPE
Crowdfunding
PROPERTY TYPE
Single Family Home
TARGET
$120,800

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Description

A fantastic investment opportunity, this property is comprised of a single-family home. The property has 3 bedrooms, 1 bathroom, a kitchen, and a living room.


About the area

Roseland

Roseland is located 13 miles south of the Loop and has several historically-significant buildings as well as new developments and some green areas. This neighbourhood includes landmark districts, such as Kenwood District and Hyde Park-Kenwood Historic District.

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.

Selling points

Strong Market Fundamentals

Our experienced and professional real estate team review each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing programme.

Excellent Condition

This property has undergone a detailed inspection and has recently been refurbished. This, in addition to a built-in reserve for pre-sale renovations, positions the property for capital gains on exit of the investment.

Solid Lease

The property is currently vacant and the area enjoys strong rental demand from families and professionals. It is expected a new Section 8 tenant will provide a long-term lease agreement. 


Investment Timeline
  • Funding started
    29th April 2024
  • Funding complete
    20th June 2024
  • Rental starts
    19th Aug. 2024
  • Returns start
    1st Sept. 2024
  • Year 1 returns
    1st Sept. 2025
  • Year 2 returns
    1st Sept. 2026
  • Year 3 returns
    1st Sept. 2027
  • Year 4 returns
    1st Sept. 2028
  • Property sold


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