Off-Market Condo at 1410 N State Pkwy, Chicago, IL 60610

1410 N State Pkwy, Chicago, IL 60610

Unit - #10B

$650,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $480 per day and long-term for an average of $5,819 per month, based on similar listings in the area. Estimated short-term cap rate of 4.9%. Estimated long-term cap rate of -2.3%. This exceptional 10th-floor unit in the Gold Coast neighborhood embodies modern elegance. With 3 bedrooms and 2.5 bathrooms, it features an open floor plan, hardwood floors throughout, and oversized windows offering South, East, and West exposures. The kitchen is a highlight, showcasing custom cabinets, high-end stainless steel appliances (including a wine fridge), granite countertops, and a stylish backsplash. The primary bedroom includes an en-suite bath with dual sinks and a large walk-in closet. The two additional bedrooms are bathed in natural light and offer ample storage space. Custom built-ins enhance the unit's functionality and style. Residents enjoy a range of amenities, including valet parking and an exercise facility. Plus, you're just a short walk from numerous shops, restaurants, and the lake, making this an ideal location for urban living.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$2556
Rental Policy
daily
Yearly Taxes
$12672
Bedrooms
3
Bathrooms
3
SQFT
2,000
Furnished
N/A
Year built
1979
Listing Status
Off Market
MLS
12326403

Short-term Rental Potential
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$117,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$325

Price/SQFT

Long-term Rental Potential
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$69,828

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$5,819/mo

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