8019 South Burnham Ave

Description

This single-family home, built in 1895, presents a fantastic investment opportunity. It features a spacious living area with 3 bedrooms, 1 bathroom, a kitchen, a living room, and a dining room.

About the area

Neighbourhood: South Chicago

South Chicago is located 10 miles Southeast of the Loop and situated at the mouth of the Calumet River. This neighborhood is a residential area that offers mostly single-family homes and fewer multi-units and provides families with numerous amenities, parks, spacious private yards and garage parking. The City of Chicago is sponsoring South Chicago redevelopment, representing one of the largest sustainable neighbourhood revitalization developments.

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 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.

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
  10th July 2024
• Funding complete
• Year 1 returns
• Year 2 returns
• Year 3 returns
• Year 4 returns
• Property sold