Off-Market Condo at 5000 S East End Ave, Chicago, IL 60615
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5000 S East End Ave, Chicago, IL 60615

Unit - #14B

$172,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $162 per day and long-term for an average of $2,175 per month, based on similar listings in the area. Estimated short-term cap rate of -3.7%. Estimated long-term cap rate of -6.5%. Welcome to a bright and spacious 2-bedroom, 2-bathroom unit that pays homage to a golden era, offering both East and West views in a historic, full-amenity, 28-story building. 14B features a gracious foyer welcoming you with arched entryways, generous closets (including one cedar lined), expansive room sizes with a split bedroom floorplan, and hardwood flooring throughout. The sun-drenched dining room is adorned with a plaster ceiling, bordered by a refined cornice and accented by a wall of windows which add a touch of timeless elegance, perfect for hosting intimate gatherings. Adjacent is a stately butler's pantry leading to a large kitchen with a picture window with Western views. The east-facing living room is a true centerpiece, featuring a decorative fireplace and ornamental/Bas-relief ceiling that adds original charm and character. Here, you can appreciate the urban cityscape on the backdrop of shimmering Lake Michigan, offering a picturesque backdrop to your everyday life. Relax and recharge in one of two large bedrooms, each with its own ensuite vintage bath. 5000 East End Avenue is a handsome tower designed by architect Robert S. DeGolyer in 1927. A wonderful staff meticulously maintains it: 24/7 Doormen, on-site maintenance (Monday - Friday), on-site management, and it offers residents two elegant lobbies to enter from including a handicap-accessible entrance and elevator, a library, fitness center, laundry room, bike room, storage, and a private, gated garden which may also be reserved for outdoor events. Ideally situated, it is in proximity to the lakefront beaches and bike paths, Whole Foods, boutique gyms, retail, restaurants and a movie theater. Public transportation is also close by with your choice of buses or Metra trains for easy access to the University of Chicago campus and hospitals, an 8-minute Metra ride to the heart of the Loop (from the 51st St station) or Dusable Lake Shore Drive if you prefer to drive. Be sure to click on the 3D tour to view this fantastic home virtually.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1962
Rental Policy
daily
Yearly Taxes
$2759
Bedrooms
2
Bathrooms
2
SQFT
1,657
Furnished
N/A
Year built
1927
Listing Status
Off Market
MLS
12320677

Short-term Rental Potential
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$30,960

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$103

Price/SQFT

Long-term Rental Potential
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$26,100

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,175/mo

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