Off-Market Condo at 111 S Peoria St, Chicago, IL 60607

111 S Peoria St, Chicago, IL 60607

Unit - #309

$1,199,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $478 per day and long-term for an average of $6,087 per month, based on similar listings in the area. Estimated short-term cap rate of -1.3%. Estimated long-term cap rate of -3.4%. Stunning 3-Bedroom | 3-Bathroom corner unit in one of the best addresses that West Loop has to offer, Illume. This highly desirable open layout and split bedroom floor plan boasts dramatic 10 ft. concrete ceilings, and extra wide side-by-side living & dining rooms with floor to ceiling windows affording Eastern & Southern exposure. Designer kitchen with 11 ft. quartz island, professional grade appliances including six burner Viking gas range, Liebherr custom-paneled refrigerator & freezer, Bosch dishwasher and custom cabinetry. Tranquil primary suite with double closets, Eastern views of the Willis Tower, and spa-like en-suite bathroom with soaking tub, walk-in shower & double quartz vanity. Generously size guest suite features walk-in closet and en-suite quartz bath. Large third bedroom doubles as an outstanding home office or additional bedroom. 7 inch wide plank white oak hardwood flooring, solid core doors, side-by-side laundry with storage, and massive private balcony complete this meticulously designed home. Constructed in 2018 by acclaimed Chicago builder, LG, Illume features a full time on-site property manager, 24-hour door staff, bike room & dog washing room. Heated garage parking space additional price. Truly unbeatable West Loop location immediately across the street from Mary Bartelme Park, one block from Mariano's, two from Whole Foods, and a short walk to Randolph Street restaurants, 90/94 expressway, UIC Blue Line CTA, and renowned Skinner School District.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1032
Rental Policy
daily
Yearly Taxes
$24419
Bedrooms
3
Bathrooms
3
SQFT
1,891
Furnished
N/A
Year built
2018
Listing Status
Off Market
MLS
12303814

Short-term Rental Potential
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$98,352

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$634

Price/SQFT

Long-term Rental Potential
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$73,044

Revenue
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Profit
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Cap rate
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Cash on Cash
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$6,087/mo

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