724 East 92nd Place

Chicago - United States of America

Properties > 724 East 92nd Place
4 years
Multi Family Home

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A fantastic investment opportunity, this multifamily property is comprised of 2 units. Each unit has 2 bedrooms, 1 bathroom, a kitchen, a living room and a dining room. 

About the area

Neighbourhood: Chatham

Chatham is located on the city's South Side about 10 miles south of downtown Chicago.This neighbourhood is a residential area that offers mostly single-family homes and fewer multi-units and provide families with numerous amenities and the West Chatham Park. Appreciation rates have been strong in Chatam with property prices appreciating by 6.72% over the last year.


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.

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.

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. 

Property refurbished

The property will be professionally refurbished and will be delivered turnkey ready for the new tenants. It is expected the value of the property will increase considerably upon completion.

Investment Timeline
  • Funding started
    15th Nov. 2023
  • Funding complete
    15th Nov. 2023
  • Rental starts
    15th Jan. 2024
  • Returns start
    1st Feb. 2024
  • Year 1 returns
    1st Feb. 2025
  • Year 2 returns
    1st Feb. 2026
  • Year 3 returns
    1st Feb. 2027
  • Year 4 returns
    1st Feb. 2028
  • Property sold

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