1147 West Diversey Parkway, Chicago, IL

$1,249,999

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5

Beds

5

Baths

About 1147 West Diversey Parkway

Looking to jump into the Airbnb business? This is your perfect new turn key Airbnb investment. All 3 units are 100% legal with the City and you would be cash flowing the day you close! This property is a cash cow and has generated (on average) $170,000 in annual revenue ($14,165 a month) as a LEGAL Airbnb / short-term rentals in the last 6 years. GREAT INVESTMENT! approx 17% cash on cash return. The subject property is comprised of 3 unit building. The building was renovated in 2016 and comes fully furnished. As the building is operating as a legal airbnb / short-term rental, all future reservations can be passed along to the new buyer and the entire operation is 100% TURN KEY. You will generate short-term revenues the day you close on the property. The building is renting for $1,000 - $2,000 a night in 2022. Refer to the pictures for validation.

Features of 1147 West Diversey Parkway

MLS® # 11354038
Price $1,249,999
Bedrooms 5
Bathrooms 5.00
Acres 0.00
Year Built 1915
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Tax Information

Taxes $14,921
Tax Year 2020

Community Information

Address 1147 West Diversey Parkway
Area CHI - Lincoln Park
City Chicago
County Cook
State IL
Zip Code 60614

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement None

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 107
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTBFS Investments LLC-Realty

Listing Map

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