Off-Market Condo: 2B at 3500 N Lake Shore Dr, Chicago, IL 60657
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3500 N Lake Shore Dr, Chicago, IL 60657

- #12B

$599,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $606 per day and long-term for an average of $5,108 per month, based on similar listings in the area. Estimated short-term cap rate of 3.6%. Estimated long-term cap rate of -2.3%. Architecturally-significant Robert Seeley De Golyer pre-war Beaux Arts building. Beautifully updated vintage home with exquisite finishes. Gracious 4 bedroom 3 bath 2700 square foot home with fantastic southern views of the lake, harbor, & city. Window line offering fabulous light throughout. Well-designed floor plan with grand scale rooms. Wonderful living and entertaining space: living room with gas fireplace, large formal dining room, updated cook's eat-in kitchen. Granite, subzero butler's pantry, 30ft-long gallery, large bedrooms, renovated baths, tons of storage, in-unit washer/dryer, gorgeous millwork, beautiful hardwood floors, & more! Full amenity building: superb door staff, on site management, exercise room, gorgeous roof top deck with grills and party room with catering kitchen, children's playroom, bike rooms and common laundry room. 2 storages included. Steps to leased parking opportunities(555 West Cornelia, 3450/3470 North Lake Shore). 15 min direct 146 to downtown.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$2084
Rental Policy
daily
Yearly Taxes
$11793
Bedrooms
4
Bathrooms
3
SQFT
2,700
Furnished
N/A
Year built
1926
Listing Status
Off Market
MLS
12258024

Short-term Rental Potential
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$96,504

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$221

Price/SQFT

Long-term Rental Potential
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$61,296

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$5,108/mo

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