USA

Rental Income Investment Property

CHICAGO, USA

One of Chicago’s most up-and-coming residential areas, the South Loop offers residents an attractive compromise between the business focus of the Loop and the family and lifestyle-oriented northern suburbs.

  1. Key part of the fastest-growing downtown area in the US
  2. Low entry prices with scope for excellent growth compared to most other US markets
  3. Chicago condo market remains 24% below peak as prices continue to rise
  4. South Loop residential population and housing demand continues to grow
  5. Named one of Chicago’s best neighbourhoods to live by Chicago Magazine

1345 WABASH
CHICAGO, UNITED STATES

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INVESTMENT DETAILS

USD $249,900 – $349,900

1345 Wabash offers investors an excellent entry point to an exciting part of the Chicago market, with prices significantly below local comparables and extremely high gross yield forecasts of up to 8%. This sustainably designed high-specification development comes from leading Chicago developer CMK Companies, the team behind our successful 2014 Chicago project 235 Van Buren.

AT A GLANCE

  • Chicago, United States
  • USD 249,900 – 349,900
  • 728 – 1,123 square feet
  • 1 / 2 Bedrooms
  • Up to 70% LTV
  • Estimated completion: Q2 2015
  • Freehold
  • Rental yield up to 8%

FACILITIES AND FEATURES

  • A modern new-build medium density condominium development
  • Easy transport access, with Roosevelt station just a block away
  • Close to retail and other leisure amenities
  • Average price per square foot of just USD350
  • Comparable local developments currently priced at up to USD600 per square foot

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Request a Brochure HERE,
or simply email me your request; adrian.rowles@devere-group.com

 

BASECAMP: CHICAGO, UNITED STATES

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INVESTMENT DETAILS

USD $514,900 – $580,900

The contemporary townhouses of Basecamp rethink the concept of American family living, with clean aesthetics influenced by the historic character of one of Chicago’s most up-and-coming inner suburbs – Old Irving Park.

AT A GLANCE

  • Chicago, United States
  • USD 514,900 – 580,900
  • 1,869 – 2,261 square feet
  • 4/5-bed townhouses
  • Up to 70% LTV
  • Estimated completion: Q2 2016 – Q1 2017
  • Freehold title
  • Rental yield up to 7.40%

FACILITIES AND FEATURES

  • Garaged parking for two cars per unit
  • 4 minutes’ walk from Grayland Station on Metra MD-N Line – 19 minutes to the CBD
  • 15 minutes to the Loop by car
  • Minimal HOA (Homeowners Association) fees
  • Development of modern detached townhouses in scenic Old Irving Park
  • Large 3-floored units, all featuring front and back yards

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A scenic neighbourhood offering great value housing within easy commuting distance of central Chicago, Old Irving Park will keep generating strong capital returns and yields as its popularity among homebuyers continues to soar.

  1. Economy: Chicago growth hit 3.5% in 2014, a fifth consecutive year of growth
  2. Connectivity: Less than 20 minutes’ travel time from Old Irving Park to key business district the Loop
  3. Wealth: Old Irving Park’s median income is 40% above the Chicago average
  4. Appreciation: 22% price growth in Old Irving Park between March 2012 and August 2015
  5. Yields: Average 8% gross in Old Irving Park

Find out more about the investment case for the Chicago and Old Irving Park:
adrian.rowles@devere-group.com