870 North Orleans StreetChicago, IL 60610Price: $2,999,999

  • Price: $2,999,999
  • 56 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 2006Year Built

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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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Listed by Daniel Moja of TBFS Investments LLC-Realty

Based on information submitted to MRED  as of September 26, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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