Off-Market Condo at 5044 N Marine Dr, Chicago, IL 60640
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5044 N Marine Dr, Chicago, IL 60640

Unit - #B8

$139,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $129 per day and long-term for an average of $1,691 per month, based on similar listings in the area. Estimated short-term cap rate of 3.6%. Estimated long-term cap rate of 0.1%. Elegantly Remodeled One-Bedroom Unit in a Stunning Art Deco Masterpiece Building. Discover this beautifully remodeled one-bedroom unit in one of Chicago's most exquisite Art Deco buildings, surrounded by a serene garden and courtyard featuring a picturesque fountain. This residence boasts a spacious kitchen, dining, and living area, along with a generously sized bedroom thoughtfully designed for optimal relaxation. Located in a vibrant neighborhood, this unit is just moments away from Mariano's, Foster Beach, and the Saddle & Horse Country Club. Commuting is effortless with the 146 bus stopping right in front of the building, the 147 Express Bus just a 5-minute walk away, and the train station within a 10-minute walk. Embrace a lifestyle of comfort and convenience in this exceptional home.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$742
Rental Policy
daily
Yearly Taxes
$2303
Bedrooms
1
Bathrooms
1
SQFT
850
Furnished
N/A
Year built
1939
Listing Status
Off Market
MLS
12307431

Short-term Rental Potential
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$25,182

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$164

Price/SQFT

Long-term Rental Potential
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$20,292

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,691/mo

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