11950 South Yale Avenue

Chicago, United States of America

Properties > 11950 South Yale Avenue
FUNDING TARGET
$122,500
DAYS LEFT
Fully Funded
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
8.44%
100% FUNDED
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Description

A fantastic investment opportunity, this property is comprised of a Single-family home, originally constructed in 1900. The property offers a spacious living area of 196.6 square meters and has 4 bedrooms, 2 bathrooms, a kitchen and a living room.


About the area

Neighbourhood: West Pullman

West Pullman is located 14 miles south of the Loop and is one of the most historic neighbourhoods of Chicago. In the last decades, has transformed from an industrial labour place to an unexpectedly high incidence of parkland and other outdoor recreation sites attracting families. In this neighbourhood, it is located one of the famous house of the recognized architect Frank Lloyd Wright's, incorporating geometric forms and elements of Japanese patterns.

Chicago

Voted by Condé Nast as the best city in the US for the fourth 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 fuelling 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 centre 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 have influenced and reflected the history of American architecture and Chicago’s buildings in a variety of styles by many important architects. Median household incomes in Chicago grew by 3% over the last year, while median property values increased by 11.9%. Median home sales prices in Chicago are projected to keep rising in 2021 and are forecasted to increase by 8.4% until 2022.

Selling points

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.

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.


Investment Timeline
  • Funding started
    3rd May 2022
  • Funding complete
    3rd May 2022
  • Rental starts
    3rd June 2022
  • Returns start
    1st July 2022
  • Year 1 returns
    1st July 2023
  • Year 2 returns
    1st July 2024
  • Year 3 returns
    1st July 2025
  • Year 4 returns
    1st July 2026
  • Property sold


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