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870 N Orleans Street

Chicago, IL 60610
  • $2,999,999
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 11479796
$2,999,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2006
County:

School Ratings & Info

Description

Come see this 4 unit CASH COW building that consists of one commercial unit on the 1st floor and 3 legal airbnb rentals on floors 2-5. Building also has billboard income. If you are looking for a seasoned/legal airbbnb investment, this is your perfect investment. The building has been a legal airbnb since 2017 and has annual revenue of approx. $333,600. Total monthly revenue is $27,800 ($4K = commercial unit, $6K = airbnb unit 1, $6K = airbnb unit 2, $11,500 = penthouse airbnb unit, $300 = billboard). Residential units have City of Chicago approved Vacation Rental Licenses and can transfer to the new owner. Current owner also owns a short term rental property management company and can be retained to manage the property for the new owner.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-08-17T23:59:30.387 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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870 N Orleans Street Chicago, IL 60610

  • Price: $2,999,999
  • Status: Active
  • On Site: 16 Days
  • MLS #: 11479796
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2006
Built
Neighborhood:
Chi - Near North Side
County:
Cook
Area:
Chi - Near North Side
Property Description
Come see this 4 unit CASH COW building that consists of one commercial unit on the 1st floor and 3 legal airbnb rentals on floors 2-5. Building also has billboard income. If you are looking for a seasoned/legal airbbnb investment, this is your perfect investment. The building has been a legal airbnb since 2017 and has annual revenue of approx. $333,600. Total monthly revenue is $27,800 ($4K = commercial unit, $6K = airbnb unit 1, $6K = airbnb unit 2, $11,500 = penthouse airbnb unit, $300 = billboard). Residential units have City of Chicago approved Vacation Rental Licenses and can transfer to the new owner. Current owner also owns a short term rental property management company and can be retained to manage the property for the new owner.
Exterior Features

Parking Total 4

Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv Controls

Property Features

Additional Parcels YN No Approximate Age 26-35 Years Built Before1978 YN No Electric Separate Meters Fire Protection Fire Extinguisher/S Geographic Locale Downtown Chicago Gross Income 333600 Gross Scheduled Income 333600 Insurance Expense 0 Mls Actual Status Active Net Operating Income 0 Operating Expense 0 Property Sub Type Apts/Stores Rental Price 0 Tax Annual Amount 15442 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 27800 Township North Chicago Type Mixed Use Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Tbfs Investments Llc-Realty.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-08-17T23:59:30.387 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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