Chicago, United States of America
A fantastic investment opportunity, this property offers annual rental returns of 8.43%* and is comprised of a single-family home, originally constructed in 1946. The house offers a spacious living area of 121.5m2 and has 3 bedrooms and 1 bathroom.
Furthermore, the property is ideally located in a quiet neighbourhood with walking distance from the Marian R. Byrnes Park which is one of the largest natural areas in Chicago.
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.
Our real estate team have identified the Jeffrey Manor area, as one that is primed for real estate investment in 2021. Jeffery Manor is part of the Chicago South Side. This neighborhood is an atypical Chicago neighborhood because the curving street layout differs from the rest of Chicago. This quirky street pattern gives Jeffery Manor a unique character that its residents are endeared to. Jeffrey Manors is a suburban area with extra space, green areas, trees and backyards. It is forecasted that the total appreciation for houses in this area will be increased up to 24,55% over the next 3 years.
The property is fully certified and comes under the Federal Governments Section 8 program. There is one existing Section 8 tenant in place and returns start as soon as the property is closed.
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This property has undergone a detailed property inspection and has been recently refurbished.
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