Off-Market Condo at 450 W Briar Pl, Chicago, IL 60657
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450 W Briar Pl, Chicago, IL 60657

Unit - #4L

$189,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $158 per day and long-term for an average of $1,888 per month, based on similar listings in the area. Estimated short-term cap rate of 7.8%. Estimated long-term cap rate of 1.8%. Welcome Home to this beautiful, sun filled, Junior 1 bedroom in the heart of East Lakeview! Unit features floor to ceiling windows, hardwood flooring, granite countertops, stainless steel appliances and breakfast bar perfect for kitchen seating. Ample closet space. Option to add in unit w/d. Brand new electrical panel and fully painted in 2023. Building amenities include pool, sundeck, fitness center, bike room, on-site maintenance and management, laundry room etc. Steps from the lake, restaurants and bars on Broadway st. Many transportation options nearby via bus and CTA lines.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$336
Rental Policy
daily
Yearly Taxes
$3164
Bedrooms
1
Bathrooms
1
SQFT
475
Furnished
N/A
Year built
1969
Listing Status
Off Market
MLS
12334682

Short-term Rental Potential
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$34,182

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$399

Price/SQFT

Long-term Rental Potential
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$22,656

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,888/mo

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