Off-Market Condo at 1415 W Farwell Ave, Chicago, IL 60626
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1415 W Farwell Ave, Chicago, IL 60626

Unit - #C1

$249,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $137 per day and long-term for an average of $1,729 per month, based on similar listings in the area. Estimated short-term cap rate of 5.0%. Estimated long-term cap rate of -1.0%. One of a kind, distinctive 2 bedroom in this well groomed courtyard building, just 2.5 blocks to Lake Michigan, Beach and Parks, or the Redline. This exceptional unit will surprise you as you enter the long foyer. Pop your shoes off and stash in the built-in wall cabinet, leave your keys in a basket on top. Enter the spacious living room with the east-facing windows overlooking the landscaped courtyard. Accompanying the purchase, the seller will leave the Orb Copper Speakers and subwoofer, and the Rebak home theater projector (wi-fi connected) and pull down screen. The Amazing Chef's kitchen includes 48" Birch wood cabinetry, with plenty of granite counter to prepare your culinary delights. Beautiful glass full height subway tile, kitchen electric fireplace with remote, stainless steel Samsung appliances include a 3 French door system with internal beverage center, and bottom freezer, 5 burner range with both conventional and convection oven, dishwasher, and full-sized side by side Electolux washer and dryer. The beautiful heated 30" porcelain floors are a bonus! There is a small area off the kitchen the seller used as an office with a table/desk and built-in pull-out cabinets that she will leave for the buyer. Both bedrooms will comfortably accommodate a queen sized bed and nightstands. The stupendous bathroom has stunning large porcelain tile walls, heated floors, full bidet commode, itallian cabinetry, itallian modern pedestal sink, extra-deep soaking tub with Gessi water fall faucet and hand held shower. Full details on all of the amazing finishis are in the additional documents section. Please download to review!! Heat is included in the assessment, in this well managed building. Fido and Fluffy are welcome too. Sorry, no rentals unless hardship. This is NOT a garden unit.It is a 1st floor up-1 flight. Walking distance to bars, restaurants such as, JB Alberto's, Morse Market, Rogers Park Social, Le Piano, The Glenwood, South of the Border and MORE! Remember.. It's always COOLER by the Lake!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$469
Rental Policy
daily
Yearly Taxes
$1719
Bedrooms
2
Bathrooms
1
SQFT
900
Furnished
N/A
Year built
1920
Listing Status
Off Market
MLS
12322621

Short-term Rental Potential
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$35,592

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$276

Price/SQFT

Long-term Rental Potential
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$20,748

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,729/mo

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