Chicago - United States of America
A fantastic investment opportunity, this property is comprised of a single family home, originally constructed in 1890. The property has 4 bedrooms, 1 bathroom, a large living room, kitchen and dinning room.
Chicago
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.
South Chicago
Our real estate team have identified the South Chicago area, as one that is primed for real estate investment in 2021. South Chicago it is located 10 miles Southeast of the Loop and situated at the mouth of the Calumet River. This neighborhood is a residential area that offers mostly single-family homes and fewer multi-units and provide families with numerous amenities, great parks, spacious private yards and garage parking. The City of Chicago is sponsoring South Chicago redevelopment, representing one of the largest sustainable neighborhood revitalization development in the country and should serve as a guide to the City of Chicago for the next 25 years.
Strong Market Fundamentals
Our experienced and professional real estate team review each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing program.
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.
View the latest real estate investment opportunities from around the world.
Login or register to view full portfolio of properties available
Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.
