1030 N State St, Chicago, IL 60610

Unit - #2L

$494,900

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Image of property at 1030 N State St, Chicago, IL 60610

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $348 per day and long-term for an average of $3,772 per month, based on similar listings in the area. Estimated short-term cap rate of 7.6%. Estimated long-term cap rate of -1.2%. Experience high-rise living at its finest at Newberry Plaza, where luxury and convenience come together. As a resident, you'll enjoy exclusive amenities including a 24-hour doorman, fitness center, and a spacious outdoor pool with a sundeck. With a newly remodeled lobby and corridors on the way, your home will feel even more modern and inviting. This full-service building offers 24/7 on-site management and dedicated maintenance staff to ensure every need is met. Residents also have access to a receiving room, service elevator, and multi-purpose rooms, making this an ideal place for both relaxation and convenience. The prime location is one of the best in the city-steps away from world-class dining, high-end shopping along Oak Street and Michigan Avenue, nightlife, the lakefront, and Oak Street Beach. It's truly an unmatched lifestyle in one of Chicago's most desirable neighborhoods. Inside the unit, you'll find an updated kitchen featuring cherry cabinetry, sleek granite countertops, stainless steel appliances, and modern tile. The spacious living areas boast beautiful hardwood floors, creating a perfect space for entertaining or simply unwinding. A private balcony offers stunning views, adding a special touch to your everyday experience. While parking is not included, it is available for lease within the building, offering added convenience for residents with vehicles. The unit is currently occupied by a tenant through the end of June 2025.

Property Information

Airbnb Avg Daily	See Full Details
Occupancy Rate	See Full Details
Monthly HOA	$896
Rental Policy	daily
Yearly Taxes	$8918
Bedrooms	2
Bathrooms	2
SQFT	1,200
Furnished	N/A
Year built	1970
Listing Status	Off Market
MLS	12284287