1500 W MONROE ST #523 new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60607
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12442545
Bedrooms 2
Full Baths 2
HOA Fees $680/mo
Rental Info Yes
Year Built 2001
Annual Tax Amount $7,145
Tax Year 2023
Lot Dimensions COMMON
Property Sub-Type Condo
Property Description
Don't miss an opportunity to purchase a potential huge investment in the West Loop! This 2-bedroom, 2-bathroom condo is located in the tier that is currently receiving structural repairs, which means it can't be occupied until all work is completed, with an expected completion date as early as the 2nd quarter of 2026. Along with the structural repairs, the unit will also be receiving new flooring and paint throughout. As an investment, similar units have been renting in the $3500-$4000 range, offering an almost guaranteed return on your money. For the patient owner/occupant, this is a unique situation in that you'll be avoiding the highly competitive Spring market next year and will be acquiring a very spacious home with a deeded garage parking space in one of Chicago's trendiest neighborhoods. The value is there, all you need is the patience!
Location
State IL
County Cook
Area Chi - Near West Side
Rooms
Basement None
Interior
Heating Natural Gas,Forced Air
Cooling Central Air
Flooring Hardwood
Fireplaces Number 1
Fireplace Y
Appliance Range,Microwave,Dishwasher,Refrigerator,Freezer,Washer,Dryer
Laundry Washer Hookup
Exterior
Garage Spaces 1.0
Amenities Available On Site Manager/Engineer,Receiving Room,Security Door Lock(s)
Building
Dwelling Type Attached Single
Building Description Brick,Stone,Limestone, No
Story 7
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick,Stone,Limestone
New Construction false
Schools
School District 299 ,299, 299
Others
HOA Fee Include Water,Insurance,Doorman,Exterior Maintenance,Scavenger
Ownership Condo
Special Listing Condition None
Pets Allowed Cats OK,Dogs OK