Chicago, United States of America
A fantastic investment opportunity, this property offers annual rental returns of 8.83%* and is comprised of a single-family home, originally constructed in 1950. The property offers a spacious living area of 176.5m2 and has 3 bedrooms, 2 bathrooms.
On the main level there are 2 bedrooms and 1 bathroom and, in the basement, there is one master bedroom with bathroom. The property is fully fenced and comes with private parking spaces behind the property.
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.
Strong Tenancy: The property is fully certified and comes under the Federal Governments Section 8 program. There is one existing Section 8 tenant in place and returns start as soon as the property is closed.
Strong Market Fundamentals: Our experienced and professional real estate team reviews each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing program.
Excellent Condition: The property has undergone a thorough inspection and has been confirmed to be in excellent condition. A built-in reserve has been included to update the property when the tenant moves out and for pre-sale renovations which position the property for capital gains on exit of the investment.
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