1045 West Monroe Street #4
About This Property
The manager has listed the unit size as 1572 square feet.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2023 | Listed | $699,900 | |
| Listed | |||
| | |||
|
Welcome to your dream home in the heart of the West Loop! Located in an intimate 4-unit building at the Flats on Monroe, this 2 bed, 2 bath penthouse is a true gem in one of Chicago's most vibrant neighborhoods. What sets this place apart is an amazing 1000 SF private rooftop - with a louvered pergola, two new pressure-treated lumber decks, faux turf, a barbeque equipped with natural gas hook-up, and an amazing view of Willis Tower and the rest of the city! As soon as you step inside, you'll be greeted by gorgeous hardwood floors throughout the condo, a wood-burning/gas fireplace, crown molding, custom window treatments, and an open floor plan great for everyday living and entertaining. With 42" white shaker cabinets, granite countertops, and top-of-the-line stainless steel appliances including a Wolf range, the kitchen is every chef's dream. Both bedrooms are spacious and boast ample closet space equipped with custom wood organizers for your convenience, including a walk-in closet in the primary bedroom. The bathrooms feature elegant marble tile, and the primary bathroom has a double vanity, quartz counters, radiant floor heating, a steam shower, and a large Whirlpool Jacuzzi tub perfect for unwinding after a long day. Step out onto the balcony from the living room for a breath of fresh air or to enjoy your morning coffee. The condo is wired for surround sound, wifi, and security. It also has a laundry in the unit. The price includes a 1-car garage. Enjoy living in one of the most exciting neighborhoods in Chicago - with world-class shopping, some of the city's best eateries, Soho House, easy access to Lake Michigan, and the loop. This is the perfect location on a quiet, tree-lined Monroe block near Mary Bartleme Park and Skinner Park, as well as easy access to the "L" and the highways. Skinner School District.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 31, 2020 | In contract | - | |
| In contract | |||
| Mar 6, 2020 | Listed | $635,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/12/2023
|
2 Bed
|
2 Bath
|
1572 ft²
|
$699,900
2 Bed
2 Bath
1572 ft²
|
$715,000
+2.16%
01/31/2024
|
Ivona Kutermankiewicz
Berkshire Hathaway HomeServices Chicago
| |
|
03/10/2022
|
3 Bed
|
3 Bath
|
2700 ft²
|
$1,024,900
3 Bed
3 Bath
2700 ft²
|
$990,000
-3.41%
04/29/2022
|
Mark Raffaelli
Compass
| |
|
09/07/2021
|
3 Bed
|
3 Bath
|
2700 ft²
|
$1,099,000
3 Bed
3 Bath
2700 ft²
|
-
-
|
Keith Brand
Redfin Corporation
| |
|
07/31/2020
|
3 Bed
|
3 Bath
|
2700 ft²
|
$949,900
3 Bed
3 Bath
2700 ft²
|
-
-
|
-
| |
|
03/06/2020
|
2 Bed
|
2 Bath
|
1572 ft²
|
$635,000
2 Bed
2 Bath
1572 ft²
|
-
-
|
-
| |
|
08/08/2019
|
2 Bed
|
2 Bath
|
1572 ft²
|
$649,900
2 Bed
2 Bath
1572 ft²
|
-
-
|
-
| |
|
08/07/2018
|
3 Bed
|
3 Bath
|
2700 ft²
|
-
3 Bed
3 Bath
2700 ft²
|
-
-
|
-
| |
|
11/22/2010
|
2 Bed
|
2 Bath
|
1500 ft²
|
$407,500
2 Bed
2 Bath
1500 ft²
|
$384,000
-5.77%
04/27/2011
|
Cris Sallmen, ABR,CRS,SRES
Berkshire Hathaway HomeServices Chicago
| |
|
06/22/2006
|
2 Bed
|
2 Bath
|
-
|
$489,900
2 Bed
2 Bath
|
$490,500
+0.12%
07/26/2007
|
Ivona Kutermankiewicz
Berkshire Hathaway HomeServices Chicago
| |
|
06/22/2006
|
3 Bed
|
3 Bath
|
-
|
$649,900
3 Bed
3 Bath
|
$635,000
-2.29%
06/18/2007
|
Ivona Kutermankiewicz
Berkshire Hathaway HomeServices Chicago
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017