13220 South Vernon Avenue

Chicago - United States of America

Properties > 13220 South Vernon Avenue
4 years

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

About the area


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.

Neighbourhood: Golden Gate

Golden Gate is a suburb of Chicago city’s south side and is part of the Riverdale community around the Calumet river. The area offers a suburban quiet lifestyle to its residents and has numerous amenities and great parks available for residents to enjoy. Golden Gate is minutes away from Beaubien Woods, a park on the shore of Calumet River and a preferred destination for Chicago locals during the weekends for water recreational activities.

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
    23rd Feb. 2024
  • Funding complete
    5th March 2024
  • Rental starts
    5th May 2024
  • Returns start
    1st June 2024
  • Year 1 returns
    1st June 2025
  • Year 2 returns
    1st June 2026
  • Year 3 returns
    1st June 2027
  • Year 4 returns
    1st June 2028
  • Property sold

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