14136 South Hoxie Avenue

Chicago, United States of America

Properties > 14136 South Hoxie Avenue
FUNDING TARGET
$84,800
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
8.10%
100% FUNDED
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Description

A fantastic investment opportunity, this property offers annual rental returns of 8.1%. The single-family bungalow, comprised of 2 bedrooms and 1 bathroom, was originally constructed in 1949 and has been recently renovated. The property offers a spacious 66.89m of living space and comes complete with forced air heating and central cooling system.

The property is located in the suburbs of Chicago, in Burnham, a quiet residential area surrounded by lakes with a full range of services and good schools ideally placed for families and professionals.


About the area

Chicago is located in northeastern Illinois on the southwestern shores of freshwater Lake Michigan and is among the largest cities in the U.S. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation.

Chicago's O'Hare International Airport is routinely ranked among the world's top six busiest airports according to the Airports Council International. In addition, the region has the largest number of federal highways and is the nation's railroad hub meaning the Chicago area has one of the highest gross domestic products (GDP) in the world, generating $689 billion in 2018.

The economy of Chicago is diverse, with no single industry employing more than 14% of the workforce. It is home to several Fortune 500 companies, including Allstate, Boeing, Caterpillar, Exelon, Kraft Heinz, McDonald's, Mondelez International, Sears, United Airlines Holdings, US Foods, and Walgreens.

Chicago had 58 million tourist visitors in 2018 and has been voted the best large city in the U.S. for four years in a row (2017-2020) by Condé Nast Traveler. The city also ranked first in the 2018 Time Out City Life Index.

Landmarks in the city include Millennium Park, Navy Pier, the Magnificent Mile, the Art Institute of Chicago, Museum Campus, the Willis (Sears) Tower, Grant Park, the Museum of Science and Industry, and Lincoln Park Zoo.

Of the area's many colleges and universities, the University of Chicago, Northwestern University, and the University of Illinois at Chicago are classified as "highest research" doctoral universities. Chicago has professional sports teams in each of the major professional leagues, including two Major League Baseball teams.


Investment Timeline
  • Funding started
    28th June 2021
  • Funding complete
    6th July 2021
  • Rental starts
    1st Aug. 2021
  • Returns start
    1st Sept. 2021
  • Year 1 returns
    1st Sept. 2022
  • Year 2 returns
    1st Sept. 2023
  • Year 3 returns
    1st Sept. 2024
  • Year 4 returns
    1st Sept. 2025
  • Property sold

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