7414 South Colfax Avenue

Chicago - United States of America

Properties > 7414 South Colfax Avenue
4 years
Single Family Home

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A fantastic investment opportunity, this property is comprised of a single-family home, originally constructed in 1916. The property offers a spacious living area of 114 square meters and has 4 bedrooms, 1 bathroom, a kitchen and a living room.

About the area

Neighbourhood: South Shore

Our real estate team have identified the South Shore district, Michelle (Robinson) Obama’s childhood neighborhood, as one that is primed for real estate investment in 2021. Rental demand is underpinned by professional tenants from the Jackson Medical center and the University of Chicago. The area is undergoing significant gentrification due to the proximity of the Jackson Park Yacht Club, the Obama Presidential Center and the Tiger Woods Jackson Park project.


Voted by Conde Nast as the best city in the US for the fourth 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 have influenced and reflected the history of American architecture and Chicago’s buildings in a variety of styles by many important architects. Median household incomes in Chicago grew by 3% over the last year while median property values increased by 11.9%. Median home sales prices in Chicago are projected to keep rising in 2021 and are forecasted to increased by 8.4% until 2022.

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.

Excellent Condition

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

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. 

Investment Timeline
  • Funding started
    21st April 2022
  • Funding complete
    11th May 2022
  • Rental starts
    11th June 2022
  • Returns start
    1st July 2022
  • Year 1 returns
    1st July 2023
  • Year 2 returns
    1st July 2024
  • Year 3 returns
    1st July 2025
  • Year 4 returns
    1st July 2026
  • Property sold

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