Off-Market Condo at 1515 N Astor St, Chicago, IL 60610
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1515 N Astor St, Chicago, IL 60610

Unit - #9C

$715,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $78 per day and long-term for an average of $4,538 per month, based on similar listings in the area. Estimated short-term cap rate of -9.5%. Estimated long-term cap rate of -4.7%. Sensational Gold Coast living overlooking the Cardinal's mansion and lake at 1515 Astor! Surrounded by the most fabulous homes, just steps from the lakefront and Lincoln Park, this expansive condo has been beautifully updated and offers wide open living/entertaining space. The kitchen is sensational. Totally new, it offers all stainless-steel Whirlpool appliances, granite countertops, large storage, plus breakfast bar seating. The kitchen window is live art, with views directly onto Lake Michigan. The living and dining spaces offer great views and a lovely balcony overlooking Astor. The primary suite is gracious in size, offering fabulous built-ins, a dressing area/vanity, walk-in closet, and a totally updated bath with dual sinks and a laundry center. An additional, generously sized bedroom as well as a second full bath complete this fabulous city home. These sellers have completely refreshed this home with refinished flooring, new windows, all new kitchen, custom window treatments and more! The building offers 24-hour door staff, outdoor pool, fitness center, roof top deck, and a party room. Valet garage parking for up to two cars available for an additional monthly cost.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$2601
Rental Policy
daily
Yearly Taxes
$11358
Bedrooms
2
Bathrooms
2
SQFT
1,800
Furnished
N/A
Year built
1968
Listing Status
Off Market
MLS
12334919

Short-term Rental Potential
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$20,460

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$397

Price/SQFT

Long-term Rental Potential
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$54,456

Revenue
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Profit
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Cap rate
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Cash on Cash
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$4,538/mo

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