1242 N Lake Shore Drive 25, Chicago, IL 60611
Large duplex with lake and city views, needs updating.
- Added:
- Feb 24, 2024
- Days on Market:
- 865
- Last Refresh:
- Apr 6 at 2:29 am
Property Features for 1242 N Lake Shore Drive 25
General Information
- Standard status
- Active
- Size
- 5,327 SF
- Property subtype
- other
Building Details
- Year Built
- 1920
Listing office Baird & Warner (312) 351-5745
Listing date Feb 24, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
HighLights
- Panoramic wrap‑around views of the lake and city.
- Huge 5327 sq ft duplex, ideal for families and entertaining.
- Historically significant residence: former home of Samuel Insull and Ray Kroc.
- Unique mural commissioned by Ray and Joan Kroc.
- Large modern kitchen with breakfast room and lake view.
- 200+ sq ft terrace.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.2k | $25.20 |
| − Vacancy | −$7.4k | −$1.39 |
| EGI | $126.9k | $23.81 |
| − OpEx | −$38.1k | −$7.14 |
| NOI | $88.8k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.625535
- Latitude
- 41.9053133
