Daniel Moja
This listing was posted on RealtyWW.
$2,699,999
Home For Sale In Chicago, Illinois
Price:
$2,699,999
BR/BA:
5 BR, 4.5 BA
Location:
1556 N Lasalle St, Chicago, IL
Description:
Monthly rent roll = $21, 000+ (Billboard = $4, 000, Commercial Unit = $4, 750, Penthouse = $6, 200, Unit 2R = $3, 100, Unit 2F = $3, 100). The building was 100% gut rehabbed (including the commercial unit). THERE IS A $4, 000 / PER MONTH BILLBOARD ON THE SIDE OF THE BUILDING THAT HAS A LONG TERM LEASE! Commercial unit gets $4, 750 a month from a successful barber shop (on year 2 of 10 year lease) 1 Billboard, 1 Commercial unit, 3 Residential units that were gut rehabbed in 2023! Furthermore, the Penthouse unit has the City approved short-term rental license. You can legally rent out the Penthouse as an Airbnb! This property is a cash cow and can generate approximately $255, 000+ in annual revenue. Building comes fully furnished/turn key for furnished short-term rentals. GREAT INVESTMENT! 15%+ cash on cash return, 10% = cap rate. The subject property is comprised of a +/- 2, 500 SF land site improved with a +/- 6, 300 SF 2.5-story, brick, mixed-use (commercial and residential) building in the Old Town neighborhood of Chicago. The ground/garden level of the subject is comprised of a rented commercial storefront unit totaling approximately 2, 000 SF. The 2nd floor is comprised of 2 MTM furnished rentals. Each unit is a 2 bed unit. The top floor consists of a single, large residential apartment unit that spans the entire floor and measures approximately 2, 000 SF. This unit is legally licensed as an Airbnb. The site is zoned B3-5, Community Shopping District. Manager would like to stay on to manage the short term rentals. This property has great cashflow, even@8% interest rates!For more details: https://realtyww.info/homes_chicago-d523258/for-sale_i71699137
Property Type:
Single-Family Houses
Posted:
May 11 on RealtyWW
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More About this Listing: Home For Sale In Chicago, Illinois
Home For Sale In Chicago, Illinois is a Five Bedroom 4.5 Bathroom Single-Family Homes for Sale at 1556 N Lasalle St in Chicago IL. Find other listings like Home For Sale In Chicago, Illinois and listings near 1556 N Lasalle St by searching Oodle Classifieds for Five Bedroom 4.5 Bathroom Single-Family Homes for Sale in Chicago IL.
Home For Sale In Chicago, Illinois is a Five Bedroom 4.5 Bathroom Single-Family Homes for Sale at 1556 N Lasalle St in Chicago IL. Find other listings like Home For Sale In Chicago, Illinois and listings near 1556 N Lasalle St by searching Oodle Classifieds for Five Bedroom 4.5 Bathroom Single-Family Homes for Sale in Chicago IL.