Off-Market Condo at 400 N LA Salle St, Chicago, IL 60654
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400 N LA Salle St, Chicago, IL 60654

Unit - #1004

$369,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $228 per day and long-term for an average of $2,671 per month, based on similar listings in the area. Estimated short-term cap rate of 3.0%. Estimated long-term cap rate of -1.4%. Welcome to your urban oasis at 400 N. LaSalle in River North. Nestled in the heart of the city, this one-bedroom condo offers the perfect blend of comfort, convenience, and luxury living. North, east and south views provide an abundance of light and a glimpse at Chicago's finest architecture. This stylishly updated condo features espresso hardwood floors throughout the main living area, an open kitchen with quartz counters, subway backsplash and white shaker style cabinetry, updated lighting and custom window shades. The oversized bedroom is spacious enough to fit a king size bed and has a walk-in closet with Elfa shelving. Rare, designated parking space P-415 attached to the building, additional $50K. Located in a full-amenity building, you'll enjoy access to top-notch facilities including a fitness center, outdoor swimming pool, and 24-hour door staff. Boasting a stellar 96-walkability score and a perfect 100-transit score, this residence is not just a place to live-it's the epicenter of convenience and connectivity.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$664
Rental Policy
daily
Yearly Taxes
$5863
Bedrooms
1
Bathrooms
1
SQFT
861
Furnished
N/A
Year built
2005
Listing Status
Off Market
MLS
12326984

Short-term Rental Potential
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$48,396

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$428

Price/SQFT

Long-term Rental Potential
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$32,052

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,671/mo

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