Off-Market Condo at 1935 S Archer Ave, Chicago, IL 60616

1935 S Archer Ave, Chicago, IL 60616

Unit - #220

$335,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $242 per day and long-term for an average of $2,745 per month, based on similar listings in the area. Estimated short-term cap rate of 4.9%. One of the most stunning buildings in the South Loop has THE condo you've been looking. Nothing was left off the improvements list in this RARE 2 bedroom second floor unit. Steps from Pilsen, Chinatown, and all major streets, this luxury condo building is updated and built with royalty in mind. The hardwood floors scream with shine. The redesigned kitchen was designed for beauty AND maximum kitchen storage space. The countertops gleam with the beauty and luster of polished imported granite. Separate eating area to launch your day from. New washer and dryer added Oct 2020. 24 hr exercise room is great for when your life gets crazy. Don't regret missing your chance at opulence - book your private tour immediately!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$530
Rental Policy
daily
Yearly Taxes
$5082
Bedrooms
2
Bathrooms
2
SQFT
1,100
Furnished
N/A
Year built
2006
Listing Status
Off Market
MLS
12271128

Short-term Rental Potential
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$49,176

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$304

Price/SQFT

Long-term Rental Potential
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$32,940

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,745/mo

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