Off-Market Condo at 1147 W Ohio St, Chicago, IL 60642

1147 W Ohio St, Chicago, IL 60642

Unit - #304

$875,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $297 per day and long-term for an average of $3,856 per month, based on similar listings in the area. Estimated short-term cap rate of 0.1%. Estimated long-term cap rate of -3.1%. This RARELY AVAILABLE bright, airy, & spacious 3 bedroom, 2 bathroom TRUE HISTORIC TIMBER LOFT delivers ORIGINAL EXPOSED BRICK WALLS, beamed ceilings, and open living space in a boutique ELEVATOR building! Common ROOFDECK & Community Parking lot all tucked in the southeast corner of the vibrant West town neighborhood abutting West Loop/Fulton Market & River West - a beloved trio and foodie playground! This condo boasts 12-foot ceilings and walls with 7+ FOOT WINDOWS letting in bright natural light & serving up city views. Beautiful hardwood floors flow throughout the open concept living and dining areas, to the gourmet kitchen with abundant cabinetry, stainless steel appliances, double oven, & expansive island with breakfast bar, perfect for entertaining from the dry bar, or morning coffee! The primary suite offers a relaxing retreat, including a dressing room with wall-to-wall closets and an en-suite bathroom boasting a walk-in shower and dual floating glass vessel vanities. Two additional bedrooms offer wall-to-wall closets perfect for guest room(s)and/or combo home office, serviced by the second bathroom offering a tub/shower combination. Gallery with professional art suspension system that is also extended throughout the whole unit. Convenient in-unit laundry with full-size front-loading washer/dryer and a linen closet/folding station completes this pristine unit. Shared Roof deck delivers captivating skyline views, two community grills featuring two common gas lines, and a secure bike room and freight elevator! GREAT LOCATION: Proximity to highway 90 / 94 Kennedy and Dan Ryan Expressways, SHORT WALK to both the Chicago and Grand Blue Line stations, as well as the Green/Pink Line at Morgan, CTA buses, & Milwaukee Ave bike lanes, plus Divvy station. Enjoy NEIGHBORHOOD FAVORITES: D'Amato's Bakery, Bari Foods, Aberdeen Tap, Twisted Spoke, Butterfly Sushi Bar & Thai Cuisine, Mart Anthony's, and many more in Fulton Market and West Loop! Pet friendly. Must See!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$620
Rental Policy
daily
Yearly Taxes
$10424
Bedrooms
3
Bathrooms
2
SQFT
2,382
Furnished
N/A
Year built
1920
Listing Status
Off Market
MLS
12312773

Short-term Rental Potential
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$74,496

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$367

Price/SQFT

Long-term Rental Potential
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$46,272

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,856/mo

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