Updated Condo Near
For Sale
$295,500
537 W Brompton Avenue #3S, Chicago, IL 60657
Updated condo in East Lake View, near the lakefront.
Property Size900 SF
Days on Market410
Property Features for 537 W Brompton Avenue #3S
General Information
Standard status
Active
Size
900 SF
Property subtype
Condominium
Amenities
Steam
Window Unit(s)
Radiator(s)
Range
Microwave
Dishwasher
Refrigerator
Stainless Steel Appliance(s)
Deck
Building Details
Building Size
900 SF
Listing Agency:
Compass
Listed By:
Mario Greco · License #475105845
(773) 687-4696
Source:
Kw
Added: Aug 25, 2025
Changed: Sep 26
Last Checked: Oct 7 at 10:28AM
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 Compass
Investment Insights
Based on property information with market context.
This updated condo unit is located on a quiet side street in Chicago's East Lake View neighborhood, near the lakefront, shopping, dining, and public transit. The foyer features a light fixture and large pier mirror, along with a hall closet. Natural light fills the east-facing living room and separate dining room. The living room includes a bay window, puck lighting, and built-in wall shelving. Glass French doors lead from the living room to the dining room, which is open to the renovated kitchen. The kitchen has newer tile flooring, granite counters with a built-in breakfast bar, contemporary Ann Sacks tile backsplash, stainless steel appliances, a built-in pantry, a Moen faucet, a transom window detail, and access to a private outdoor deck. The bedroom fits an oversized bed and features sconce accent lighting, a generously-sized closet, and a combo ceiling fan/light fixture. The updated bathroom includes tile flooring, a shower with Kohler fixtures and tile surround with inlay tile detail, a pedestal sink with Restoration Hardware mirror and fixtures, a Kohler toilet, and a built-in storage hutch. Additional features include original hardwood flooring, closet organizers, a new dishwasher, newer microwave, and private storage. The building has common area improvements including newer common windows and a newer common boiler. Monthly assessments include heat, water, gas, internet, and common area maintenance. The brick courtyard building is fenced in and landscaped. Rental parking options are available on-site and throughout the neighborhood. The lakefront is one block away. Multiple bus options are nearby, providing access to the Mag Mile and the central business district. Drivers have access to N. Lake Shore Drive. Jewel Osco is one block away and Whole Foods is two blocks away. Shopping and dining options are nearby along N Broadway and throughout East Lake View. Wrigley Field and the Addison CTA Red Line train station are a 1/2 mile away.
Key Highlights
- Prime East Lake View location: Steps from the lakefront, shopping, dining, and transit.
- Recently updated kitchen with granite counters, stainless steel appliances, and private outdoor deck.
- Updated bathroom with Kohler fixtures, contemporary tile, and built‑in storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,796
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,920
$275.9K
Cap Rate 7%
$197,086
$197.1K
Cap Rate 9%
$153,289
$153.3K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$26.5K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$25.1K $27.87/SF
− OpEx
−$11.3K −$12.54/SF
NOI
$13.8K $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%
$275,920
Cap Rate 7%
$197,086
Cap Rate 9%
$153,289
Alternative Uses
Best Use
Apartment 5plus
$197.1K
$172.5K – $229.9K
NOI $13,796 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.3K
$371.3K – $495.1K
NOI $29,704 @ 7.0% cap · market cap 10.05%
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
3,924
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
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 - Updated condo in East Lake View, near the lakefront.
Where is this apartment building located?
The property is located at 537 W Brompton Avenue #3S Chicago, IL.
What is the asking price?
The asking price for this property is $295,500.
What are key features of this property?
This property features: Prime East Lake View location: Steps from the lakefront, shopping, dining, and transit.; Recently updated kitchen with granite counters, stainless steel appliances, and private outdoor deck.; Updated bathroom with Kohler fixtures, contemporary tile, and built‑in storage.
