964 Morningside Drive

Chicago - United States of America

Properties > 964 Morningside Drive
4 years
Entire Property

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A fantastic investment opportunity, this property is comprised of a townhouse, originally constructed in 1970. The property has 2 bedrooms, 1 bathroom, a kitchen and a living room.

About the area

Neighbourhood: University Park

University Park is a suburb of Chicago in Will county. The area offers a suburban quiet lifestyle to its residents and has numerous amenities and great parks available for residents to enjoy. Also, the area is experiencing a strong rental market as Amazon is opening a new 1.2 million-square-foot fulfillment center investing $150 million which is expected to create many new jobs and increase significantly the demand and the prices of the real estate market in the area.


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
    30th Aug. 2022
  • Funding complete
    13th Sept. 2022
  • Rental starts
    12th 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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