US Property of the Month

Nov 17, 2015 | Global Property

8150 South Marshfield, Chicago Illinois 60620

Under Contract via UGC

Refurbishment being completed

Purchase Price US$172,500 | Monthly Rent US$2,300

Gross Rental Return 15.4% – Minimum Expected Nett Return 8.5%

Expected Fair Market Value: $190,000

Fully Vetted and Highly Government Subsidised Tenants

(Tenants must meet strict performance criteria)

Duplex (2-Flat), 2 Story, Brick Exterior Under Construction

Bedrooms: 6 Bathrooms: 2 Living Sqft: 3056 (227 sqm) Lot Size: 3,750 (290sqm) Year Built: 1918 (Fully Renovated in 2015) Basement: Full, unfinished

Regular readers would know that, on the back of our extensive research into the US real estate market, we have recently stepped up our investment activities in select and targeted US real estate markets. One property that we have recently uncovered, which is under contract via UGC, is this high cash flow generating property in the south side of Chicago.

8150 South Marshfield is a Brick 2-Flat in the Auburn Gresham neighborhood of Chicago. This 3,056 square foot duplex sits on a 3,750 square foot lot and features 6 bedrooms 2 bathrooms, full unfinished basement with an astonishing annual gross rental income of $29K+ offered turnkey with full one year warranty on all maintenance repairs and government guaranteed HUD tenants. This property was built in 1918 and was completely rehabbed in 2015.

Although the suburb is located in a developing area within Chicago, that doesn’t mean the investment is high risk. In fact, by accessing government tenancy subsidy programs such as Section 8 and other Department of Housing Administration programs (which have strict tenancy performance criteria), this US real estate investment can be a low risk high performer creating plenty of safe and consistent cash flow to support your wealth creation and retirement needs.

[metaslider id=6331]

Comparable Sales:
1) 7937 S. Paulina, Chicago, Illinois 60620. Sold 5/6/2015, $180,000, 2-Flat 6 Bed 2 Bath
2) 8209 S. Bishop, Chicago, Illinois 60620. Sold 12/29/2014, $197,500, 2-Flat 5 Bed 2 bath
3) 8225 S. Elizabeth, Chicago, Illinois 60620. Sold 7/6/2015, $196,000, 2-Flat 6 Bed 2 Bath

A combination of improved economic conditions, low interest rates, strengthening consumer confidence, a significantly stronger jobs market, highly affordable prices and a chronic under-supply of housing is driving significantly higher rents, and we expect soon, significantly higher real estate prices in our target markets. Given the high cash flow and capital appreciation potential, we believe that right now, the US real estate market is providing a rare opportunity for both income and growth investors. There is still plenty of time left to capitalise on this investment opportunity and to add significant value to your portfolio. If you have an interest in real estate and would like to learn more about how you can benefit, download our FREE US Real Estate Investment Presentation today. You can also download your copy of our FREE White Paper research report for an in-depth analysis. If you have been considering making an investment in the US housing market and want to discuss what opportunities are available, contact United Global Capital today for a no cost, no obligation consultation on 03 8657 7640 or email info@ugc.net.au.

The information contained in this report is General in nature and has been prepared without taking into account your objectives, financial situation and needs.

 

<a href="https://ugc.net.au/author/brett/" target="_self">Brett Dickinson</a>

Brett Dickinson

Brett is a Licensed Real Estate Agent and manages United Global Capital's property projects and client acquisitions.

Recent News

Episode 114: Have The Markets Reacted To a COVID-19 Normal World?

Episode 114: Have The Markets Reacted To a COVID-19 Normal World?

This week’s edition of the investor exchange podcast kicks off with a discussion on the COVID-19 situation in Victoria. It’s been 20 days since Victoria recorded its last case and is on track towards a COVID normal Christmas. Following that, Louis talks about the benefits of holiday for your mental health which in turn impacts our performance in work and in life. Brett takes us through the changes in stamp duty that will soon be in place for home buyers soon and breaks down what the costs and benefits will be. Finally, Joel provides a share market update and highlighting the current situation in the United States.

STAY UP TO DATE

Subscribe here to receive all UGC updates as they happen

Good Move! Keep an eye on your inbox for our next update.