Streeterville Condo with City
For Sale
$200,000
512 N McClurg Court #2008, Chicago, IL 60611
Condo in prime Streeterville location with city and river views.
Property Size650 SF
Price / SF$307.69
Days on Market451
Property Features for 512 N McClurg Court #2008
General Information
Standard status
Active
Size
650 SF
Property subtype
Condominium
Amenities
Central Air
Natural Gas
Range
Microwave
Dishwasher
Refrigerator
Disposal
Building Details
Building Size
650 SF
Year Built
2001
Listing Agency:
Berkshire Hathaway HomeServices Chicago
Listed By:
Mia Wilkinson · License #471005680
(312) 719-9771
Source:
Kw
Added: Jul 14, 2025
Changed: Aug 8
Last Checked: May 19 at 8:55PM
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 Berkshire Hathaway HomeServices Chicago
Investment Insights
Based on property information with market context.
This 650 square foot unit features city and river views. The interior has been freshly decorated with new wood floors and new paint. The layout includes good closet space and a large kitchen. Located in the Streeterville neighborhood, the property is near Ohio Street Beach, Navy Pier, Michigan Avenue, Walgreens, dining options, and an AMC movie theater. Building amenities include a sundeck for grilling, fitness center, 24-hour door staff, party room, cleaners, and a workout room.
Key Highlights
- Prime Streeterville location: Steps to Ohio Street Beach, Navy Pier, Michigan Ave., Walgreens, dining, and AMC movie theater.
- Enjoy city and river views.
- Building amenities include a sundeck with grills, fitness center, 24‑hour door staff, party room, cleaners, and workout room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,964
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,280
$199.3K
Cap Rate 7%
$142,343
$142.3K
Cap Rate 9%
$110,711
$110.7K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$19.1K $29.40/SF
− Vacancy
−$994 −$1.53/SF
EGI
$18.1K $27.87/SF
− OpEx
−$8.2K −$12.54/SF
NOI
$10.0K $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%
$199,280
Cap Rate 7%
$142,343
Cap Rate 9%
$110,711
Alternative Uses
Best Use
Apartment 5plus
$142.3K
$124.6K – $166.1K
NOI $9,964 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.5K
$268.2K – $357.6K
NOI $21,453 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
28,995
Businesses Nearby
Explore this area
Business Placement
Demographics for 60611, IL
38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Condo in prime Streeterville location with city and river views.
Where is this apartment building located?
The property is located at 512 N McClurg Court #2008 Chicago, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Prime Streeterville location: Steps to Ohio Street Beach, Navy Pier, Michigan Ave., Walgreens, dining, and AMC movie theater.; Enjoy city and river views.; Building amenities include a sundeck with grills, fitness center, 24‑hour door staff, party room, cleaners, and workout room.
