Building Futures
Bowmanville/Lincoln Square Area – Spec Single Family

Bowmanville/Lincoln Square Area – Spec Single Family

Spec 2 Story Frame Single Family Home

Bowmanville / Lincoln Square area, Chicago

Updated – October 2023

With great schools, parks, shopping, restaurants, entertainment, community activities and quiet tree lined residential streets the Lincoln Square/Bowmanville area is a home run for families looking to plant their roots.

We are now seeking equity partners for  new construction single family home projects here.

New construction homes in this area can offer great returns for our investors and often sell before construction is complete! This is especially true of wide lot homes which command a substantial premium.  

Americans want NEW homes and due to the huge shortfall of new home inventory, home sale prices and rents continue rising.

We plan to build a number of homes nearby to take advantage of the incredible demand in this market and we’re now actively searching for sites. 

These homes can also be great investments as Single Family Rentals.

A new construction single family rental is a way for investors to take advantage of great cash flow, appreciation and tax benefits without all the hassles that you’re buying when you purchase an older property that will constantly need repairs and renovations. A new construction rental home will be relatively maintenance free which makes owning it a pleasure.

Speaking of tax benefits, LD2 specializes in developing stategies to maximize your investment returns. We build a cost segregation analysis into our rental projects to take advantage of bonus accelerated depreciation offered to rental property owners as part of the Cares / Jobs Act.

This allows our investors to recieve passive losses of up to 30% of hard construction costs + certain soft costs in the first year of operation. These losses can be used to offset cash flow and/or offset any other passive income.

22 Palione Pl - Multifamily Property

Status:            Sample Projections – October 2023

Selling Price:                $1,750,000

Property Type:        Spec Single Family

Sub-Type:            Residential For Sale

Building Size:        4,000 SF 

Document List For Investors

PROPERTY FACTS

Lot Price            $450,000     

No. Units            1           

Property Type   Single family      

House Style        Frame 2 Story + Bsmt

Construction Hard Costs    $200/sf

Lot Size                      0.084 AC

Lot Dimensions     30′ x 125′

Zoning                       RS-3

 Building Size         4000 SF (1333sf/fl)

 

2023/24 SAMPLE PRO FORMA – Lincoln Square Area Spec Home Development and Sale