Off-Market Condo at 125 E 13th St, Chicago, IL 60605
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125 E 13th St, Chicago, IL 60605

Unit - #512

$399,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $298 per day and long-term for an average of $3,234 per month, based on similar listings in the area. Estimated short-term cap rate of 7.8%. Estimated long-term cap rate of -0.4%. Spectacular unit in Museum Park Lofts with ideal floor plan has tons of custom upgrades that set this home apart from the rest. Dramatic 10' ceilings, newer wide-plank hardwood floors, white-painted exposed ductwork, fireplace, giant granite island, stainless steel appliances, custom and under mount cabinet lighting, floor-to-ceiling windows facing south with sunny views of Museum Campus and Soldier Field, balcony. The primary suite is fully enclosed, custom window treatments, his-and-hers organized closets by Elfa, double bowl vanity, soaking tub and separate shower in the primary bathroom. The second bedroom has privacy glass, Murphy bed, adjacent full bathroom, kitchen height custom Quartz vanity and vessel sink. Additional storage and access to pool, club house and workout facilities. Garage parking for $35k. Close to ALL public transportation, South Loop Elementary, British Academy and Jones College Prep Schools. Close to Loop, Target, Jewel, Marianos, Trader Joes, Whole Foods, Icon Movie theater at Roosevelt Collection, Grant Park, Lake and easy access to all expressways

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$557
Rental Policy
daily
Yearly Taxes
$8355
Bedrooms
2
Bathrooms
2
SQFT
1,224
Furnished
N/A
Year built
2003
Listing Status
Off Market
MLS
12266536

Short-term Rental Potential
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$71,820

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$325

Price/SQFT

Long-term Rental Potential
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$38,808

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,234/mo

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