Scale you cannot build today, inside a gated enclave of just eleven
residences. At nearly 7,000 square feet on an oversized lot, this
is the widest and largest home in a private Lakeview courtyard
association whose owners share a clubhouse with an indoor lap pool,
hot tub, and fitness room. If privacy is what you are after, look
no further than this full masonry residence with three finished
levels, five bedrooms, four full and two half baths, and four
living spaces. French doors from three areas open the main level to
a private interior terrace. This is the home's own courtyard
terrace and its principal source of light. Formal living room with
fireplace and coffered ceiling; formal dining with dry bar; chef's
kitchen with quartz countertops, Wolf six-burner range, SubZero and
Bosch, walk-in pantry and generous eat-in space; family room
opening to the rear deck and yard. Upstairs: primary suite with spa
bath and walk-in closets, three oversized bedrooms, three full
baths, an additional family room and laundry. The lower level
entertains like a private club with a high-ceilinged recreation
room, wet bar, wine cellar and tasting room, two additional
bedrooms, mudroom, second expansive laundry and rare storage. Zoned
HVAC. Attached heated three-car garage plus gated carport for two
exterior parking spaces for guests. Steps to the Southport
Corridor, the Paulina and Diversey Brown Line stops, and within the
Burley Elementary school district. Burley was ranked in the top 5%
in the state of Illinois.
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%.
How much can I actually make?
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.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017