Off-Market Condo: , Unit 412 at 708 W Bittersweet Pl, Chicago, IL 60613

708 W Bittersweet Pl, Chicago, IL 60613

- #412

$145,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $169 per day and long-term for an average of $1,839 per month, based on similar listings in the area. Estimated short-term cap rate of 13.2%. Estimated long-term cap rate of 2.9%. This bright corner one-bedroom, one-bathroom condo is located on a desirable tree-lined street near the lake and public transportation. The spacious living room offers plenty of room for a dining area, office setup, and entertainment center. This unit has been meticulously maintained with a beautifully refreshed kitchen and bathroom. Additional conveniences including laundry facilities, bike storage, and a rooftop deck. Assessments cover all utilities, including electricity. Parking for the building is for rent. Owner occupants receive priority for parking spots. Options are garage and outdoor.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$563
Rental Policy
daily
Yearly Taxes
$1787
Bedrooms
1
Bathrooms
1
SQFT
635
Furnished
N/A
Year built
1949
Listing Status
Off Market
MLS
12285752

Short-term Rental Potential
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$36,948

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$228

Price/SQFT

Long-term Rental Potential
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$22,068

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,839/mo

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