Off-Market Condo at 10 E Delaware Pl, Chicago, IL 60611

10 E Delaware Pl, Chicago, IL 60611

Unit - #14A

$699,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $247 per day and long-term for an average of $3,073 per month, based on similar listings in the area. Estimated short-term cap rate of -0.7%. Estimated long-term cap rate of -4.4%. Welcome to luxury living in the Gold Coast. This spacious one bedroom residence includes a private den and half bath, perfect for accommodating guests or for privacy while working from home. Light and airy, the living and dining area is anchored by an island kitchen with natural light streaming in from the floor to ceiling windows with open views to the North and West. The living area leads directly to a private, recessed terrace that includes a gas line for a grill. The kitchen has all the fine finishes you would expect including Poggenpohl cabinetry and Wolfe, SubZero, Miele and Dacor appliances. In unit laundry and a well appointed half bath are both off a hall leading to the very private and quiet primary suite. Relax and recharge in the large, spa inspired bath that includes a double vanity, walk in shower and six foot soaking tub. Ample storage in the primary suite is provided by two large, professionally organized closets. Come home to one of Chicago's most gracious buildings, from the warm and elegant lobby with 24 hour door staff, to the well equipped fitness center and roof top sundeck and outdoor pool. Building is pet friendly. Deeded parking and a storage space is included. Unit is currently tenant occupied through May 31, 2025. Photos are from previous listing and some images are virtually staged. Minimum of 48 hours required for showing.

Property Information
Airbnb Avg Daily
See Full Details
Occupancy Rate
See Full Details
Monthly HOA
$956
Rental Policy
daily
Yearly Taxes
$11732
Bedrooms
1
Bathrooms
2
SQFT
1,023
Furnished
N/A
Year built
2010
Listing Status
Off Market
MLS
12314461

Short-term Rental Potential
arrow_drop_up

$62,856

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$683

Price/SQFT

Long-term Rental Potential
arrow_drop_up

$36,876

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$3,073/mo

Rent