Off-Market Condo at 2247 W Wabansia Ave, Chicago, IL 60647
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2247 W Wabansia Ave, Chicago, IL 60647

Unit - #203

$799,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $179 per day and long-term for an average of $3,142 per month, based on similar listings in the area. Estimated short-term cap rate of -2.1%. Estimated long-term cap rate of -3.5%. Stunning, Fully Renovated Unit by Riordan Signature Homes This exceptional home, designed and built by the talented Riordan Signature Homes (featured on NBC's American Dream Builders), has been completely transformed and reimagined, creating a modern, luxurious living space. The chef's kitchen boasts top-of-the-line Monogram Signature appliances, including a 36-inch professional-grade stove, and a refrigerator seamlessly integrated into the cabinetry for a sleek, high-end look. Custom-designed handmade cabinetry throughout the kitchen, range hood, and bathroom spaces has been crafted by Riordan himself, the owner of Signature Cabinets, a company renowned for designing bespoke, high-quality pieces for many of the top luxury builders. The unit features all new bleached hardwood floors, providing a clean, fresh aesthetic that complements the contemporary design. The primary bathroom offers a spa-like retreat, complete with a heated floor for added comfort. This one-of-a-kind home showcases the craftsmanship and attention to detail that Riordan Signature Homes is known for, offering a truly elevated living experience. This unit has an in-unit elevator for garage and rooftop access, and has two private balconies and a reserved space on the rooftop to enjoy on warm summer nights. Furnace and A/C condenser replaced in 2018, primary bedrooms sliding glass door 2019 and both balconies now have new trex decking 2024. The condo comes with one assigned garage space, storage unit and roof deck space. This beautiful condo is nestled in the heart of wicker park on a picturesque tree-lined street with easy access to the freeway and Blue Line Train making commuting and traveling to O'hare a breeze.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$423
Rental Policy
daily
Yearly Taxes
$9183
Bedrooms
2
Bathrooms
2
SQFT
1,500
Furnished
N/A
Year built
2006
Listing Status
Off Market
MLS
12311871

Short-term Rental Potential
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$48,888

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$532

Price/SQFT

Long-term Rental Potential
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$37,704

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,142/mo

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