One-Bedroom Condominium
4170 N Marine Drive #16H, Chicago, IL 60613
For Sale
$279,000
A 2022-renovated home with private outdoor space and laundry hookups inside the unit.
Property Size950 SF
Price / SF$293.68
Days on Market14
Property Features for 4170 N Marine Drive #16H
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
in-unit laundry
private balcony
fitness center
swimming pool
Cable Ready
Wall Unit(s)
Electric
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Deck, Cable Available, Asphalt
Building Details
Year Built
Year Renovated
Listing Agency:
RE/MAX Premier
Listed By:
Mark Zipperer · License #75107857
(773) 612-6628
Source:
Kw
Added: Oct 26
Changed: Oct 31
Last Checked: Nov 8 at 8:23AM
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 RE/MAX Premier
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Investment Insights
Based on property information with market context.
This 950-square-foot condominium on the 16th floor has one bedroom, one bathroom, and a lake view. A full renovation was completed in 2022. The layout includes separate living and dining areas, a galley kitchen with white cabinetry and modern appliances, and a private balcony. Laundry hookups are provided within the unit. Listed appliances include a range, microwave, dishwasher, refrigerator, washer, and dryer.
The WaterFord building offers a fitness center, swimming pool, and maintained common areas. The property is in Chicago’s Buena Park neighborhood, near dining, shopping, and entertainment. CTA bus routes and Lake Shore Drive provide nearby transportation connections.
The WaterFord building offers a fitness center, swimming pool, and maintained common areas. The property is in Chicago’s Buena Park neighborhood, near dining, shopping, and entertainment. CTA bus routes and Lake Shore Drive provide nearby transportation connections.
Key Highlights
- 950‑square‑foot, one‑bedroom, one‑bathroom residence on the 16th floor
- Lake view and private balcony
- Complete renovation in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,563
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,260
$291.3K
Cap Rate 7%
$208,043
$208.0K
Cap Rate 9%
$161,811
$161.8K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$27.9K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$26.5K $27.87/SF
− OpEx
−$11.9K −$12.54/SF
NOI
$14.6K $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%
$291,260
Cap Rate 7%
$208,043
Cap Rate 9%
$161,811
Alternative Uses
Best Use
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,563 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.9K
$391.9K – $522.6K
NOI $31,355 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,716
Businesses Nearby
Explore this area
Business Placement
Demographics for 60613, IL
53,048
Population
31,263
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
23,064
Density / Sq Mi
$91,351
Median Household Income
$68,713
Median Earnings
$1,616
Median Rent
$397,800
Median Home Value
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Market
Properties on Market for Residential income properties in Chicago
Frequently Asked Questions
What type of property is this?
Residential income property - A 2022-renovated home with private outdoor space and laundry hookups inside the unit.
Where is this residential income property located?
The property is located at 4170 N Marine Drive #16H Chicago, IL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 950‑square‑foot, one‑bedroom, one‑bathroom residence on the 16th floor; Lake view and private balcony; Complete renovation in 2022
