Come see this 4 unit CASH COW building that consists of one commercial unit on the 1st floor and 3 legal airbnb rentals on floor 2-5. Building has billboard income as well. If you are looking for a seasoned / legal airbnb investments, 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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Property Details
Utilities
Heating Natural Gas
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
4 Parking Spaces, Owned
Schools
District 299
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Listing History
08-01-2022
Listed at $2,999,999
08-07-2022
Price decreased by $2,999,999 to $0
08-07-2022
Status changed to Unset
08-07-2022
Price increased by $2,999,999 to $2,999,999
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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