Full-Floor Residential Income
1260 N Astor Street #7, Chicago, IL 60610
For Sale
$1,475,000
Historic cooperative residence with three en suite bedrooms, dual primary baths, and preserved architectural detailing.
Property Size4,500 SF
Price / SF$327.78
Days on Market67
Property Features for 1260 N Astor Street #7
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
two fireplaces
library
Christopher Peacock kitchen
butler's pantry
breakfast room
in-unit laundry
secondary laundry room
private storage room
central air conditioning
Central Air
Radiator(s)
Steam
Zoned
Double Oven
Range
Microwave
Dishwasher
High End Refrigerator
Washer
Dryer
Stainless Steel Appliance(s)
Wine Refrigerator
Range Hood
Building Details
Year Built
Listing Agency:
Engel & Voelkers Chicago
Listed By:
Jennifer Ames · License IL #475150488
(773) 908-3632
Source:
Kw
Added: Sep 10
Changed: Nov 15
Last Checked: Nov 14 at 9:48AM
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 Engel & Voelkers Chicago
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Investment Insights
Based on property information with market context.
Located at 1260 N Astor Street #7, this 4,500-square-foot full-floor cooperative occupies a boutique building completed in 1930. The residence features 10.5-foot ceilings, park, lake, and skyline views, a formal entry, large living and dining rooms, and three en suite bedrooms. Two additional maids’ rooms can serve as offices, guest rooms, or fitness areas. The primary suite includes two baths and a paneled dressing room.
Interior details include moldings, paneled walls, herringbone flooring, two fireplaces, a library with Canadian spruce paneling and a concealed passage, and Versailles parquet in the primary suite. A Christopher Peacock kitchen connects with the original butler’s pantry and breakfast room. New SpacePak central air, in-unit laundry, a secondary laundry room, and private storage add practical utility. Nearby conveniences include garage parking, the Latin School of Chicago, Goudy Park, the Division Street Farmers Market, restaurants, and lakefront recreation.
Interior details include moldings, paneled walls, herringbone flooring, two fireplaces, a library with Canadian spruce paneling and a concealed passage, and Versailles parquet in the primary suite. A Christopher Peacock kitchen connects with the original butler’s pantry and breakfast room. New SpacePak central air, in-unit laundry, a secondary laundry room, and private storage add practical utility. Nearby conveniences include garage parking, the Latin School of Chicago, Goudy Park, the Division Street Farmers Market, restaurants, and lakefront recreation.
Key Highlights
- 4,500‑square‑foot full‑floor cooperative at 1260 N Astor Street #7
- 10.5‑foot ceilings with park, lake, and city skyline views
- Three large en suite bedrooms plus two additional maids’ rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,981
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,620
$1.4M
Cap Rate 7%
$985,443
$985.4K
Cap Rate 9%
$766,456
$766.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$132.3K $29.40/SF
− Vacancy
−$6.9K −$1.53/SF
EGI
$125.4K $27.87/SF
− OpEx
−$56.4K −$12.54/SF
NOI
$69.0K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,620
Cap Rate 7%
$985,443
Cap Rate 9%
$766,456
Alternative Uses
Best Use
Apartment 5plus
$985.4K
$862.3K – $1.15M
NOI $68,981 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,522 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,176
Businesses Nearby
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Business Placement
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Historic cooperative residence with three en suite bedrooms, dual primary baths, and preserved architectural detailing.
Where is this residential income property located?
The property is located at 1260 N Astor Street #7 Chicago, IL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 4,500‑square‑foot full‑floor cooperative at 1260 N Astor Street #7; 10.5‑foot ceilings with park, lake, and city skyline views; Three large en suite bedrooms plus two additional maids’ rooms
