Off-Market Property at 5916 S Meade Ave, Chicago, IL 60638

5916 S Meade Ave, Chicago, IL 60638

$335,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $146 per day and long-term for an average of $1,950 per month, based on similar listings in the area. Estimated short-term cap rate of 1.8%. Estimated long-term cap rate of 0.2%. Nestled in the heart of Chicago, this charming raised ranch offers a rare opportunity to own a well-maintained home from its original owners. Boasting 3 spacious bedrooms and 1 bathroom, plus a full shower in the basement. A newer roof ensures a peace of mind, while the finished basement provides versatile space for a family room, home office, or recreation area. Perfect for first-time buyers or those seeking a cozy retreat in the city, this home is ready for its next chapter. Don't miss your chance to this Chicago gem-schedule a showing today! Eligible for the Southwest Home Equity Assurance Program: Property Value Guaranteed.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1290
Bedrooms
3
Bathrooms
1
SQFT
1,020
Furnished
N/A
Year built
1963
Listing Status
Off Market
MLS
12320461

Short-term Rental Potential
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$28,704

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$328

Price/SQFT

Long-term Rental Potential
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$23,400

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,950/mo

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