6556 South Perry Avenue

Chicago, United States of America

Properties > 6556 South Perry Avenue
FUNDING TARGET
$175,600
DAYS LEFT
Fully Funded
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
8.51%
100% FUNDED
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Description

A fantastic investment opportunity, comprised of 2 single-family units in a detached building. Each 2 bedroom-1 bathroom unit offers a spacious 98.3m2 of living space (total 196.6m2) and has a large living and dining room combo.

The property interiors were recently refurbished in 2015, and new appliances and mechanical central heating systems fitted. Furthermore, the property is ideally located in a quiet neighbourhood next to a large park.


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

Recently renovated in 2015, this property offers fantastic annual rental returns of 8.51%*.

In addition, the property is fully certified and falls under the Federal Government's Section 8 Rental plan meaning the rental is partially guaranteed by the US government. This plan also serves to reduce tenancy risk on the property.


Investment Timeline
  • Funding started
    19th May 2021
  • Funding complete
    10th June 2021
  • Rental starts
    1st July 2021
  • Returns start
    1st Aug. 2021
  • Year 1 returns
    1st Aug. 2022
  • Year 2 returns
    1st Aug. 2023
  • Year 3 returns
    1st Aug. 2024
  • Year 4 returns
    1st Aug. 2025
  • Property sold

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