1147 Diversey Parkway, Lincoln Park, Chicago, Illinois 60614
$1,216,000
|
Sold
|
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1915 |
| Property Taxes: | $14,921 |
| Days On Market: | 1381 |
| Lot Size: | 0,00 |
Description
Looking to jump into the Airbnb business? This is your perfect new turn key Airbnb investment. All 3 units are 100% legal with the City and you would be cash flowing the day you close! This property is a cash cow and has generated (on average) $170,000 in annual revenue ($14,165 a month) as a LEGAL Airbnb / short-term rentals in the last 6 years. GREAT INVESTMENT! approx 17% cash on cash return. The subject property is comprised of 3 unit building. The building was renovated in 2016 and comes fully furnished. As the building is operating as a legal airbnb / short-term rental, all future reservations can be passed along to the new buyer and the entire operation is 100% TURN KEY. You will generate short-term revenues the day you close on the property. The building is renting for $1,000 - $2,000 a night in 2022. Refer to the pictures for validation.
Property Specifics
| Multi-unit | |
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| 1915 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| 11354038 | |
| 14294000710000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 Oct, 2015 | Sold | $820,000 | MRED MLS |
| 17 Aug, 2015 | Under contract | $875,000 | MRED MLS |
| — | Last price change | $900,000 | MRED MLS |
| 9 Feb, 2015 | Listed for sale | $900,000 | MRED MLS |
| 1 Aug, 2022 | Sold | $1,216,000 | MRED MLS |
| 24 May, 2022 | Under contract | $1,249,999 | MRED MLS |
| 22 Mar, 2022 | Listed for sale | $1,249,999 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
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| 25 X 85 | |
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| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2015 | $9,636 |
| 2022 | $14,921 |
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Listing Provided By
TBFS Investments LLC-Realty
