Chicago - United States of America
A fantastic investment opportunity, this property is comprised of a single-family home, originally constructed in 1962. The property offers a spacious living area of 86.49 square meters and has 3 bedrooms and 1 bathroom. In addition, the property is within walking distance from Odgen William Park.
Neighbourhood: Englewood
Englewood is located 8 miles south of the Loop and this area has transformed from an oak forest with much swampland in 1852 to a residential area. Englewood offers mostly single-family homes and fewer multi-units and provides families with numerous amenities, great parks, spacious private yards. In this neighbourhood, It is forecasted that the total appreciation will be increased up to 16,73% over the next 3 years.
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.
Strong Tenancy
The property is fully certified and comes under the Federal Government's Section 8 program. There is an existing Section 8 tenant in place and his lease will be transferred to the new owner. Further info for Section 8
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.
Excellent Condition
This property has undergone a detailed inspection and has recently been refurbished. This, in addition to a built-in reserve for pre-sale renovations, positions the property for capital gains on exit of the investment.
View the latest real estate investment opportunities from around the world.
Login or register to view full portfolio of properties available
Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.
