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Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $299 per day and long-term for an average of $3,146 per month, based on similar listings in the area. Estimated short-term cap rate of 7.8%. Estimated long-term cap rate of -0.8%. Turn-key!! Spacious 2 bedroom (split floor plan) PLUS Separate Den/Office, 2 full bathrooms and large private balcony with urban views of South Loop/Michigan Ave. Beautifully freshly updated kitchen, dishwasher 2023, Washer/Dryer stack 2022. Open concept, exposed concrete ceilings, soft loft w/ large Kitchen featuring granite counters, stainless steel appliances, large island for entertaining or working w/space for a full dining table. Expansive living room offers a gas fireplace, hardwood floors throughout main living and floor to ceiling windows. Master suite with an abundance of closets, en-suite bath w/separate tub and shower and dual sink vanity. Newly finished bathroom floor. NEST thermostat. Building has 24HR door-staff, onsite property management and maintenance w/fitness center-currently in process of being renovated. Heated deeded parking (GU-140) available for $35k. Located in rockstar South Loop location right off Michigan Ave., steps to Grant Park, Lake Michigan, public transportation, Red/Orange Line, Shops, Trader Joe's and Jewel, Restaurants, Roosevelt and Wabash St., Expressways, Lake Shore Drive, Museum Campus.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $654 |
Rental Policy | daily |
Yearly Taxes | $7516 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 1,318 |
Furnished | N/A |
Year built | 2004 |
Listing Status | Off Market |
MLS | 12285505 |
