Rent report generated Dec 16, 2024
The Rent Potential of
8220 S Loomis Blvd Chicago, IL
is $1,925 – $2,695/mo.
Rent Advice
The property at 8220 S Loomis Blvd, Chicago, boasts a solid rent potential ranging from $1,925 to $2,695 monthly. With 3 bedrooms and 2 bathrooms, the home could generate an annual revenue between $23K to $32K. Given the neighborhood's ongoing developments and market trends, the payback period appears reasonable, albeit slightly longer due to its single-family nature. The vintage charm and two-car garage add appeal, though the property's age may pose maintenance challenges.
Enhancing the property's curb appeal and updating interiors could significantly boost its rental value. A modern kitchen and renovated bathrooms often justify increased rent. If considering selling, emphasizing the spacious attic and garage can attract buyers seeking potential for additional living space or storage. Capitalizing on Auburn Gresham's increasing demand, alongside strategic marketing, could yield higher returns.
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