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57 E Cedar Street Chicago, IL 60611 Multi Unit - Multiple New

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  • 57 E Cedar Street , Chicago, IL 60611 Main Photo

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Description

Rare Airbnb opportunity in Chicago's Historic Gold Coast! This exceptional brownstone offers a unique investment opportunity in one of Chicago's most sought-after neighborhoods. Located within the vibrant Gold Coast Historic District, the property features three well-appointed residential units: one spacious 2-bedroom, 2-bath residence and two 1-bedroom, 1-bath units. Even more valuable, the Airbnb license transfers to the new owner, providing an outstanding opportunity for short-term rental income. A rare combination of income producing property, historic charm and prime location! Close proximity to an abundance of restaurants & shopping, Magnificent Mile, Lake Michigan, Oak Street Beach, North Ave Beach, public transportation including bus routes and the EL. One small on site parking spot included. Option for new owner to apply for federal and state tax incentives through historic tax credit programs. This property is occupied throughout most of the year and monthly income varies depending on the time of year.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 4
County: Cook
Listed By:
@properties Christie's International Real Estate 312-682-8500
MRED MLS
$1,699,990
Est. $11,458/mo
4beds
4baths
New to the Market New
BEDS4 BATHS4 full MLS#12735025
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors

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57 E Cedar Street , Chicago, IL 60611.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,699,990$1,699,990$1,699,990
Down Payment $59,500$0$339,998
Monthly Mortgage Amount $10,414$10,976$8,596
Taxes $2366$2366$2366
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,020$0$0
Monthly Estimated Total $14,296$13,838$11,458

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