Off-Market Condo at 900 N Kingsbury St, Chicago, IL 60610
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900 N Kingsbury St, Chicago, IL 60610

Unit - #859

$450,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $243 per day and long-term for an average of $3,680 per month, based on similar listings in the area. Estimated short-term cap rate of 2.6%. Estimated long-term cap rate of -1.3%. Move right into this beautiful, spacious 2 bed 2bath PLUS DEN/office River North loft with 2 private outdoor spaces, enclosed bedrooms and soaring high ceilings! As the LARGEST 2-bed floor plan in the building currently on the market, you will never run out of flexible space in this home. Step into the light-filled living room with a full wall of windows and doors leading out to the spacious balcony overlooking a serene courtyard - the perfect spot to enjoy morning coffees and evening relaxation. The beautiful eat-in kitchen boasts breakfast bar seating, plentiful cabinet storage, new LG refrigerator, and Bosch dishwasher. Around the corner find the den/office, which is the ideal home office, studio, homework room, nursery, or large dining area. Don't miss the primary suite retreat offering a king-size bedroom with additional sitting area or home gym space, access to the second balcony, and spacious walk-in closet with custom organizers. The double vanity and separate soaking tub and shower mean plenty of space in the ensuite primary bath. Sellers closed the walls of the second bedroom, plus added a new window, and custom organizers in the closet. Building residents enjoy top notch amenities including door staff, sundeck, exercise room, party room and additional storage. Enjoy easy access to Allyu Spa and Bian Wellness Club within the building, along with Ward Park, the Riverwalk, Whole Foods and many shops and restaurants nearby. 1 garage parking space available for an additional $35K (and must be included in the sale).

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1085
Rental Policy
daily
Yearly Taxes
$8449
Bedrooms
2
Bathrooms
2
SQFT
1,400
Furnished
N/A
Year built
1902
Listing Status
Off Market
MLS
12146027

Short-term Rental Potential
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$61,980

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$321

Price/SQFT

Long-term Rental Potential
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$44,160

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,680/mo

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