Chicago Property Company can save you time and make you money by building and managing a property portfolio to help you generate a regular income and gain financial independence.
Looking for a buy to let property in Chicago? More and more of our clients are interested in buying a property in Chicago and adding it to their property portfolio as a buy to let project. With rental properties available from circa $60,000, they are attracted by the low purchase price and very attractive NET rental yields which are 17-20% p.a. These yields are achieved because the properties are being purchased at substantially below market value, while at the same time rental demand in Chicago is very high. So, as you can see, our model works extremely well for those clients who want to buy and hold.
60% of the residential property market in Chicago is rental, which obviously offers the canny investor an excellent opportunity to build a steady source of income through above average yields.
There is a mix of private and Section 8 tenants.
Some of our properties are sourced directly with either private or Section 8 tenants already in place, or indeed ready for such a tenant. A Section 8 tenant in effect guarantees much of the rental is paid directly to the landlord.
Where we source a property for a client without a sitting tenant, we undertake to find a tenant as quickly as possible. In the meantime we will guarantee to pay the rental income until a tenant is in place. We have a project team on the ground in Chicago who will actively manage the property on our clients’ behalf, for a low monthly management fee.