Off-Market Condo at 1122 N Dearborn St, Chicago, IL 60610
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1122 N Dearborn St, Chicago, IL 60610

Unit - #12E

$410,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $195 per day and long-term for an average of $3,772 per month, based on similar listings in the area. Estimated short-term cap rate of 1.3%. Estimated long-term cap rate of 0.2%. Fantastic home in the heart of Chicago's Gold Coast neighborhood. This Boutique Condo building is ideally situated with the best of the city's amenities outside your front door. Highly sought after, unique and desirable 1BR + 1.5 bath open layout features unobstructed views to the west, flooded with natural light. The unit is updated with modern touches such as hardwood floors throughout the living room & bedrooms, half bath just off the entryway and kitchen, large windows and a balcony off the living room. Spacious Kitchen complete with Bosch stainless steel appliances, kitchen island with granite counter tops and full stone surround backsplash. Gracious living room w/ gas fireplace and a separate dining room. Spacious primary suite with walk in closet, huge primary bathroom showcasing dual vanity sinks, tons of storage whirlpool tub and shower combo. Enjoy sunsets and grilling off your balcony. In unit washer/dryer and additional storage w/ organized closets. This full-service building is professionally managed w/ 24hr Doorman, is pet-friendly and features a party room, sundeck and fitness room. Monthly Assessment includes everything except electric. Deeded, Heated Garage Parking Included!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$814
Rental Policy
daily
Yearly Taxes
$8670
Bedrooms
1
Bathrooms
2
SQFT
979
Furnished
N/A
Year built
2000
Listing Status
Off Market
MLS
12317054

Short-term Rental Potential
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$49,848

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$418

Price/SQFT

Long-term Rental Potential
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$45,264

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,772/mo

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