Off-Market Condo at 1850 N Clark St, Chicago, IL 60614

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $450 per day and long-term for an average of $7,958 per month, based on similar listings in the area. Estimated short-term cap rate of 3.2%. Estimated long-term cap rate of 4.0%. Welcome to the rarely available Hemingway House condo building! Located on the 14th floor with breathtaking city views from every room, this is one of only a few units in the building that combined two units into one larger living space. The beautifully updated 3-bedroom, 3-bathroom home offers the perfect blend of elegance and functionality, featuring hardwood floors throughout and oversized windows that flood the space with natural light. The gourmet kitchen is a chef's dream, complete with quartz countertops, lighted glass cabinets, stainless steel appliances, a spacious eat-in center island, and a convenient pantry. The expansive primary suite is a true retreat, featuring a striking brick accent wall, custom built-ins, two walk-in closets, and an en-suite bathroom with a large glass shower. The second and third bedrooms are generously sized, with the third bedroom offering glass French doors and an en-suite bathroom with a relaxing whirlpool tub. Hemingway House offers exceptional amenities including a 24-hour doorman, on-site manager, laundry facilities, a fitness center, a party room, and a roof deck with a grill and pool. Enjoy the convenience of on-site garage parking with 24 hour attendant (available for an additional fee). Located just steps from Lincoln Park Zoo, North Avenue Beach, parks, tennis courts, and bike/walking trails, as well as world-class dining and shopping, this home is ideally situated to experience the best of city living!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1622
Rental Policy
daily
Yearly Taxes
$9705
Bedrooms
3
Bathrooms
3
SQFT
1,500
Furnished
N/A
Year built
1969
Listing Status
Off Market
MLS
12305462

Short-term Rental Potential
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$90,012

Revenue
Expenses
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Profit
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Cash on Cash
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$424

Price/SQFT

Long-term Rental Potential
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$95,496

Revenue
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Profit
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$7,958/mo

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