Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $301 per day and long-term for an average of $3,264 per month, based on similar listings in the area. Estimated short-term cap rate of 7.8%. Estimated long-term cap rate of -0.9%. MOVE-IN READY! Rarely Available Luxury Corner Unit with Lake & City Views! This stunning 2-bedroom, 2-bathroom corner unit in Michigan Ave Tower II offers a bright and spacious layout with breathtaking lake views and sunny south city views. Located in one of the most sought-after buildings in the South Loop, this southeast-facing home is the perfect blend of style and comfort. The coveted 04-tier floor plan is one of the most desirable in the building, featuring hardwood floors throughout and a large den-ideal for a home office or extra storage space featuring custom built-in features. Enjoy the convenience of a washer and dryer in-unit, as well as a modern kitchen with a brand new refrigerator and oven range, 42" cabinetry, stainless steel appliances, and granite countertops. The kitchen flows seamlessly into the living area, which opens up to a generous south-facing balcony-perfect for grilling and entertaining. The primary suite boasts a spacious walk-in closet and a luxurious ensuite bath with a soaking tub and separate walk-in shower. Additional highlights include neutral finishes and window treatments throughout, ensuring a move-in-ready experience. Full Amenity Building Includes Outdoor Pool, Sun Deck, 24 hour Doorstaff, Workout Room, Party Room, Bike room. Situated on Michigan Ave, this home places you right in the heart of the action, with access to all the best dining, shopping, and entertainment that the South Loop has to offer. Walk to concerts & games at Soldier Field, museums, planetarium, lakefront running & bike path, Burnham Harbor, Grant Park, Millennium Park, 12th St Beach, Northerly Island. 2 blocks to the El Train, Trader Joe's, Mariano's, Target & tons of restaurants. Walk to Roosevelt Collection shopping, restaurants (Chicago Firehouse, Victory Tap, Flo & Santos) & movie theatre. Only a few blocks to the Metra Line! Easy access to 290, 90/94 & 55 Expressway. Highly sought-after public & private school options nearby. The South Loop public school is highly sought after in Chicago! The low monthly assessments include water, gas, heat, ac, cable, scavenger and parking. The unit comes with one storage locker and garage parking is available for an additional $30,000. Don't miss out on this rare opportunity to own a piece of luxury in one of Chicago's hottest buildings!
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $672 |
Rental Policy | daily |
Yearly Taxes | $7411 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 1,250 |
Furnished | N/A |
Year built | 2008 |
Listing Status | Off Market |
MLS | 12332963 |
