Looking for a profitable Airbnb building with a history of amazing income in a perfect Lincoln Park location at an unbelievable price? 1219 W. Draper is all of that and more! This all brick 2-flat WITH A non-conforming 3rd unit ($1450/month) has had gross rental income ranging from $100,000 - $136,000 per year over the past few years! 1st floor- 3 bedrooms, 1 bathroom. Full dining room, living room, kitchen and laundry in unit. 2nd floor- 3 bedrooms, den (used as fourth bedroom), 1 bathroom. Full dining room, living room, kitchen and laundry in unit. Both units vacant for Airbnb tenants. Garden- currently rented at $1625/month -2 bed, 1 bath- laundry in unit. Rented through 3/31/19. Rents have averaged anywhere from $8,352 - $11,353 per month depending on the year. Currently $8550/month ($100,235-$126,238/year). Unbelievable opportunity on a wonderful & quiet Lincoln Park street. Building & units are in excellent condition. Amazing CAP rate for this location. This one will not last
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For more information about 1219 W Draper, Chicago, IL 60614 contact Corcoran Urban Real Estate.
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Listing provided by Coldwell Banker Residential
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