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.
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
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′
Building Size 4000 SF (1333sf/fl)