256 West 108th Street

Chicago, United States of America

Properties > 256 West 108th Street
FUNDING TARGET
$104,200
DAYS LEFT
Fully Funded
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
9.55%
100% FUNDED
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Description

A fantastic investment opportunity, this property offers annual rental returns of 9.55%* and is comprised of a single-family brick home, originally constructed in 1921. The property offers a spacious living area of 144.9m2 and has 4 bedrooms, 2 bathrooms, a large unfinished basement and a detached garage with two parking spaces. The property is located next to a primary school in a quiet residential area.


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.


Selling points

Strong Tenant: There is an existing month-to-month tenant in place so rental returns start as soon as the property is closed.

Strong Market Fundamentals: Our experienced and professional real estate team reviews each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing program.

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


Investment Timeline
  • Funding started
    27th July 2021
  • Funding complete
    10th Aug. 2021
  • Rental starts
    1st Sept. 2021
  • Returns start
    1st Oct. 2021
  • Year 1 returns
    1st Oct. 2022
  • Year 2 returns
    1st Oct. 2023
  • Year 3 returns
    1st Oct. 2024
  • Year 4 returns
    1st Oct. 2025
  • Property sold

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