Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $164 per day and long-term for an average of $2,311 per month, based on similar listings in the area. Estimated short-term cap rate of 3.3%. Estimated long-term cap rate of -2.4%. Perfectly situated in the Gold Coast at the corner of State & Burton, this rarely available, high-floor 1-bedroom, 1-bath condo offers picturesque lake & city views! This lovely, updated home provides a bright & airy space with a full wall of north face windows that offer sweeping, unobstructed views of Lake Michigan, the city skyline and Lincoln Park. The spacious, open-concept floorplan features many new updates including new hardwood floors throughout. The kitchen is complete with new stainless steel appliances, corian counters, and a great island offering breakfast bar seating. This expansive one-bedroom layout provides ample room for a generous dining area while offering abundant living space. Down the hall, the bedroom is equally impressive-spacious and light-filled-with another wall of windows with lake views and excellent closet space. Located on the 25th floor, it's one of only seven units of this size in the building. The prime location is just one block south of North Avenue and two short blocks to the the Lakefront Path and Oak Street Beach. Incredible walkability abounds ... Michigan Avenue, Oak Street, Rush Street, Wells Street, Lincoln Park & Zoo all just steps away. Top notch building amenities include a 24-hr. doorperson, exercise room, laundry room, storage locker - brand new, expansive outdoor deck with seating and grills opening this spring. Garage parking available in building. Must see this special, well-maintained home in the heart of the Gold Coast!
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $1107 |
Rental Policy | daily |
Yearly Taxes | $4412 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 995 |
Furnished | N/A |
Year built | 1962 |
Listing Status | Off Market |
MLS | 12306822 |
