10214 South Van Vlissingen Road

Chicago - United States of America

Properties > 10214 South Van Vlissingen Road
EST. ANNUAL RETURN
9.04%
INVESTMENT TERM
4 years
INVESTMENT TYPE
Entire Property
PROPERTY TYPE
Single Family Home
TARGET
$116,300

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Description

A fantastic investment opportunity, this property is comprised of a single-family home, originally constructed in 1953. The property has 3 bedrooms, 1 bathrooms, a kitchen, and a living room.


About the area

Neighbourhood: Jeffrey Manor

Jeffery Manor is part of the Chicago South Side and is an atypical Chicago neighborhood because the curving street layout differs from the rest of Chicago. This quirky street pattern gives Jeffery Manor a unique character that its residents are endeared to. Jeffrey Manors is a suburban area with extra space, green areas, trees and backyards. It is forecasted that the total appreciation for houses in this area will be increased up to 24,55% over the next 3 years.

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.

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 programme.

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
    3rd Oct. 2023
  • Funding complete
    12th Oct. 2023
  • Rental starts
    12th Dec. 2023
  • Returns start
    1st Jan. 2024
  • Year 1 returns
    1st Jan. 2025
  • Year 2 returns
    1st Jan. 2026
  • Year 3 returns
    1st Jan. 2027
  • Year 4 returns
    1st Jan. 2028
  • Property sold


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