Unit A, 7923 South Dobson Avenue

Chicago - United States of America

Properties > Unit A, 7923 South Dobson Avenue
EST. ANNUAL RETURN
8.66%
INVESTMENT TERM
4 years
INVESTMENT TYPE
Entire Property
PROPERTY TYPE
Townhome
TARGET
$83,100

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Description

A fantastic investment opportunity, this property is comprised of a townhouse, originally constructed in 1958. The property offers a spacious living area of 89.2 square meters and has 2 bedrooms, 1 bathroom, a kitchen and a living room.


About the area

Neighbourhood: Chatham

Chatham is located on the city's South Side about 10 miles south of downtown Chicago.This neighbourhood is a residential area that offers mostly single-family homes and fewer multi-units and provide families with numerous amenities and the West Chatham Park. Appreciation rates have been strong in Chatam with property prices appreciating by 6.72% over the last year and a total appreciation forecast over the next 3 years.

Chicago

Voted by Conde 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 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 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 increased 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 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. 

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
    20th Oct. 2022
  • Funding complete
    1st Dec. 2022
  • Rental starts
    1st Feb. 2023
  • Returns start
    1st March 2023
  • Year 1 returns
    1st March 2024
  • Year 2 returns
    1st March 2025
  • Year 3 returns
    1st March 2026
  • Year 4 returns
    1st March 2027
  • Property sold


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