The property at 226 Aspen Ln in Highland Park, Illinois, is a spacious single-family home with 4 bedrooms and 3.5 baths, boasting 3,500 sqft. The estimated rental potential ranges from $6,750 to $9,250 per month based on comps in the area. The payback period is estimated to be competitive, given the market's current strength. The neighborhood is desirable with steady demand, enhancing rental potential. Unique features like the in-ground pool and spacious layout add to its allure, though single-family homes typically have longer lease-up times compared to multi-family units.
To boost rental income and appeal, consider minor renovations like updating kitchen appliances or enhancing the outdoor space. If the current owner is contemplating selling, highlighting unique features such as the in-ground pool and ample living space can attract buyers. Additionally, small aesthetic improvements and staging can enhance appeal in a competitive market.