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    9.9 Luxury Housing Chicago, IL 60601

    Sponsored
    For Sale
    $9,900,000

    High-Income Corporate Housing Business

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional special-purpose property, located in Chicago's vibrant downtown at 9.9 Luxury Housing, 60601, presents a lucrative investment opportunity. Priced at $9,900,000, this established luxury corporate housing business boasts an impressive annual net income of $1,200,000. The property's prime location in Cook County, Illinois, ensures high occupancy rates and strong demand. This turnkey operation is ideal for investors seeking a stable, high-return asset in a thriving urban market. The business is well-established and currently generates substantial revenue. Detailed financial records are available upon request. This is a rare opportunity to acquire a profitable and prestigious corporate housing business in one of the nation's most dynamic cities. The property's address is specifically listed as 9.9 Luxury Housing, reflecting its unique positioning within the downtown area. Serious inquiries only. Further information can be obtained by contacting the provided email address. This is a unique opportunity to acquire a high-performing asset in a prime location.

    Property Features for 0 9.9 Luxury Housing

    General Information

    Property type
    Specialty properties

    HighLights

    • $9,900,000 asking price.
    • Special purpose property; Luxury Housing subtype.
    • Located in Downtown Chicago, IL, Cook County, zip code 60601.
    • Annual net income of $1,200,000.
    • Principals only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6197056
    Latitude
    41.8839927

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    FAQs

    What type of property is this?
    Specialty property - High-Income Corporate Housing Business
    Where is this specialty property located?
    The property is located at 9.9 Luxury Housing Chicago, IL.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: $9,900,000 asking price.; Special purpose property; Luxury Housing subtype.; Located in Downtown Chicago, IL, Cook County, zip code 60601.
    Request Owner's contact information
    9.9 Luxury Housing Chicago, IL 60601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9.9 Luxury Housing Chicago, IL 60601
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