Historic Residential Income
1301 N Astor Street Unit 12-13, Chicago, IL 60610
For Sale
New
$2,500,000
A multilevel home in an 11-residence Art Deco cooperative features preserved period finishes and architecturally significant interiors.
Property Size7,000 SF
Price / SF$357.14
Days on Market5
Property Features for 1301 N Astor Street Unit 12-13
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
@properties Christie's International Real Estate
Listed By:
Margaret Baczkowski · License IL #6501414017
(312) 500-5178
Source:
Dawnmckennagroup
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 14 at 1:04PM
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 @properties Christie's International Real Estate
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Investment Insights
Based on property information with market context.
Spanning approximately 7,000 square feet across multiple levels, this residence is part of an 11-home Art Deco cooperative completed in 1928. Interiors include a grand foyer, curved staircase, living room with two fireplaces, library or office, kitchen, laundry room, and multiple en-suite bedrooms. The upper level contains a primary suite, dressing rooms, and additional bedrooms. Original and historic details include African ebony and French Chateau wood floors, carved woodwork, Art Deco bathrooms and lighting, Delph tiles, and marble and granite finishes. Elements from Ulysses S. Grant’s suite at the Palmer House Hotel were incorporated into the home, and the staircase has historic designation.
At 1301 N. Astor Street in Chicago’s Gold Coast, the residence was designed by David Adler for the Potter Palmer family. The cooperative building was designed by Philip B. Maher. The property also includes an Adler-designed mirrored and steel elevator entry and 19th-century Chinese Chippendale wallpaper in the grand salon.
At 1301 N. Astor Street in Chicago’s Gold Coast, the residence was designed by David Adler for the Potter Palmer family. The cooperative building was designed by Philip B. Maher. The property also includes an Adler-designed mirrored and steel elevator entry and 19th-century Chinese Chippendale wallpaper in the grand salon.
Key Highlights
- Approximately 7,000‑square‑foot multilevel residence
- Located in an 11‑residence Art Deco cooperative designed by Philip B. Maher in 1928
- Designed by David Adler for the Potter Palmer family
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,304
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,146,080
$2.1M
Cap Rate 7%
$1,532,914
$1.5M
Cap Rate 9%
$1,192,267
$1.2M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$205.8K $29.40/SF
− Vacancy
−$10.7K −$1.53/SF
EGI
$195.1K $27.87/SF
− OpEx
−$87.8K −$12.54/SF
NOI
$107.3K $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%
$2,146,080
Cap Rate 7%
$1,532,914
Cap Rate 9%
$1,192,267
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,304 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,034 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,176
Businesses Nearby
Explore this area
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
Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - A multilevel home in an 11-residence Art Deco cooperative features preserved period finishes and architecturally significant interiors.
Where is this residential income property located?
The property is located at 1301 N Astor Street Unit 12-13 Chicago, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 7,000‑square‑foot multilevel residence; Located in an 11‑residence Art Deco cooperative designed by Philip B. Maher in 1928; Designed by David Adler for the Potter Palmer family
