Behind the Deal: 14601 Dearborne Street

By Paulina Moskala | Bricksave

April 14, 2025

News > Blog Article > Behind the Deal: 14601 Dearborne Street

Bricksave has been investing in Chicago for years, and for good reason. The city’s powerful economy, significantly lower property prices compared to other major US markets, and low vacancy rates make it an attractive location for real estate investment. This case study focuses on 14601 Dearborne Street—one of the many successful investments that showcase why Bricksave has placed its trust in this market.

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1. Property selection

Bricksave’s investment strategy is driven by data and thorough due diligence. For 14601 Dearborne Street, we applied a rigorous selection process to ensure optimal returns:

• Data-Driven Approach: At the time of selection, we analysed 174 different variables to identify high-potential locations. Our AI-driven property sourcing platform, now leveraging 3,000 data points, further refines this approach.

• Yield Analysis: We compared this property with similar investments to ensure strong rental income and an attractive return profile.

• On-Site Inspection: While data analysis is crucial, physical inspections confirmed the property’s condition and the feasibility of planned renovations to enhance its value.

• Neighbourhood Assessment: We evaluated local amenities, job market trends, and future development plans to ensure long-term investment viability.

• Tenant Demand: Understanding the rental demand in the area helped ensure a stable occupancy rate and reliable income stream.

2. Investment timeline

• Funding Start: Late August 2021

• Funding Completion: Early September 2021 (2 weeks)

• Start of Holding Period (Rental Income): Early October 2021 (6 weeks after funding closed)

• Date of Sale (End of Holding Period): End of June 2023 (held for 20 months)

• Number of Investors: 2

• Investment Model: Equity-based real estate investment, allowing investors to earn through rental income and appreciation.

3. Key financial figures

• Purchase Price: $78,500

• Renovation Costs: $14,000

• Maintenance Costs: None (besides renovation)

• Net Sale Price: $86,500

• Average Rental Yield: 9.72%

• Appreciation: 2.84%

• Total Annualised Return: Exceeded 15%, surpassing initial expectations and reinforcing Bricksave’s commitment to strong investment outcomes.

4. Why this investment worked

• Passive income as the star performer: While capital appreciation contributed to the returns, strong rental income played a leading role in making this investment successful.

• Excellent tenant selection: A key factor in this success was securing responsible tenants who maintained the property well, eliminating the need for further renovations and preserving property value.

• Strategic market positioning: Chicago’s favourable investment conditions, combined with Bricksave’s rigorous selection and management process, resulted in a return above initial expectations.

• Hands-off Investment: Investors benefitted from a fully managed process, from acquisition to tenant placement and property maintenance.

• Risk mitigation strategies: Thorough due diligence, property insurance, and a diversified portfolio approach ensured stability and maximised returns.

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Conclusion

The success of 14601 Dearborne Street is a testament to Bricksave’s proven investment model. By leveraging data-driven property selection, thorough due diligence, and strategic market positioning, we continue to deliver strong returns for investors. Whether you're looking for passive income through rental yields or capital appreciation, Bricksave provides a secure and transparent platform to grow your real estate portfolio.

Interested in exploring more investment opportunities? Discover how we can help you invest in prime real estate with ease. Start building your global real estate portfolio with confidence today.