8444 South Escanaba Avenue

Chicago - United States of America

Properties > 8444 South Escanaba Avenue
4 years
Entire Property
Multi Family Home

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A fantastic investment opportunity, this property is comprised of a multi-family home, consisting of two units. Each of the units has 2 bedrooms, 1 bathroom, a kitchen, and a living room.

About the area

Neighbourhood: South Chicago

Our real estate team has 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 provides 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.


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 city's 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. Median property values in Chicago increased by 8.4% over the last 12 until September 2022. The rent increased by 8.6% over the same period, following an increase of 10.8% in 2021. Inventory of properties for sale was reduced by 19.5% over the last 12 months until September 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 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.

Investment Timeline
  • Funding started
    16th Jan. 2023
  • Funding complete
    18th Jan. 2023
  • Rental starts
    18th March 2023
  • Returns start
    1st April 2023
  • Year 1 returns
    1st April 2024
  • Year 2 returns
    1st April 2025
  • Year 3 returns
    1st April 2026
  • Year 4 returns
    1st April 2027
  • Property sold

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