954 West 116th Street

Chicago, United States of America

Properties > 954 West 116th Street
FUNDING TARGET
$105,400
DAYS LEFT
Fully Funded
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
8.51%
100% FUNDED
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Description

A fantastic investment opportunity, this property is comprised of a single-family home, originally constructed in 1961. The property has 3 bedrooms, 2 bathrooms, a kitchen and a living room. The property is located close to Morgan Field Park and Gano Park. 


About the area

Neighbourhood: West Pullman

West Pullman is located 14 miles south of the Loop and is one of the most historic neighbourhoods of Chicago. In the last decades, has transformed from an industrial labour place to an unexpectedly high incidence of parkland and other outdoor recreation sites attracting families. In this neighbourhood, it is located one of the famous house of the recognized architect Frank Lloyd Wright's, incorporating geometric forms and elements of Japanese patterns.

Chicago

Voted by Condé 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 fuelling 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 centre 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 increase 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 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. 

Good Condition

This property has undergone a detailed inspection and only minor decorative repairs are required in order to achieve the target rent and maximise the returns. 


Investment Timeline
  • Funding started
    25th Aug. 2022
  • Funding complete
    1st Sept. 2022
  • Rental starts
    1st Nov. 2022
  • Returns start
    1st Dec. 2022
  • Year 1 returns
    1st Dec. 2023
  • Year 2 returns
    1st Dec. 2024
  • Year 3 returns
    1st Dec. 2025
  • Year 4 returns
    1st Dec. 2026
  • Property sold


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