Renelle on the River
Click any image to view full gallery (4 images)
Overview
A boutique riverfront residential building in Chicago.
Building/Community Amenities
- Bike Storage & Repair
- Business Center / Co-working Space
- Clubhouse / Resident Lounge
- Dog Park / Pet Run
- Fitness Center / Gym
- Garage Parking
- Near Public Transportation
- Outdoor Kitchen
- Pet-Friendly
- Pool
- Rooftop Deck / Terrace
- River View
- City View
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreign Ownership: There are no federal restrictions on foreign nationals buying property in the United States, making it accessible for international investors.
Tax Considerations
Property Taxes
property taxes vary by state and locality
Transfer Tax
transfer tax at purchase, ranging from 0
Inheritance Tax
Capital gains tax applies to profits from the sale of property, with rates varying between 0% and 20% depending on the duration of ownership and income level
Important Considerations
Restrictions
- Foreign Ownership: There are no federal restrictions on foreign nationals buying property in the United States, making it accessible for international investors.
Required Documents
Financing Options
Financing Options
Mortgage Calculator
Financing in USA
The United States offers a diverse range of property financing options for foreign buyers, making it an attractive destination for real estate investments. With loan-to-value (LTV) ratios typically ranging around 60% to 70% for non-residents, foreign investors can leverage competitive mortgage terms to secure properties. The U.S. real estate market is known for its transparency, stable legal frameworks, and potential for appreciation, drawing international buyers seeking solid investment opportunities. Understanding the variety of financing avenues, including local mortgages and developer financing, is crucial for making informed decisions in this lucrative market.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., tax returns, pay stubs)
- 3Bank statements (typically 6-12 months)
- 4Credit history report
- 5Property appraisal
- 6Down payment (usually 30% or more)
- 7U.S. bank account
Popular Lenders
Contact Information
312 751 2777
info@belgraviagroup.com
Contact DeveloperMention property ID: Renelle on the River when contacting.