$625,000
●
Condo -
Off Market
24 N May Street #324
Chicago, IL 60607
2 Beds
2 Baths
1,500 Ft²
$4,158
Est. Monthly
$443
HOA / Fees
5.31%
Cap Rate
About This Property
INCREDIBLE CORNER home with a PRIVATE BALCONY in this wonderful
Gated Community in the WEST LOOP! This sunlit 2 bed / 2 bath
1500SQFT home features a desired open living/dining room layout,
hardwood floors, in-unit W/D, oversized windows, gas fireplace with
custom built-ins and a large private balcony overlooking the lovely
courtyard that is perfect for entertaining and more!
Beautiful chef's kitchen with SS appliances, stunning white
cabinetry, granite countertops and breakfast bar. Massive
primary bedroom with tons of closet space and new carpet that is
currently being installed! The ensuite bathroom features a dual
vanity, separate walk-in shower and soaking tub. The large 2nd
Bedroom with new carpeting and bathroom are just down the hall!
PRIME West Loop location close to Mary Bartelme Park, Restaurant
Row, Hot Fulton Market restaurants and nightlife, boutiques, coffee
shops, workout studios, Target, Whole Foods, Mariano's, the EL and
90/94 access. SKINNER SCHOOL DISTRICT! 1 parking spot and a large
private storage room in front of the parking space included in the
price!!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$417
Property Type
Condo
Property Taxes
$646
HOA Dues
$443
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #12103980)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | Listed by Compass | $625,000 | |
| Listed by Compass | |||
| Jan 7, 2008 | Sold | ||
| Sold | |||
| Oct 3, 2007 | Listed by Select a Fee RE System | $399,900 | |
| Listed by Select a Fee RE System | |||
| | |||
|
SPACIOUS COURNER 2BR/2BA, HUGE WINDOWS W/EWS EXPOSURE, 175 SQ FT PRIVATE DECK OVER LOOKING CENTER GARDEN AREA OF COMPLEX,GATED COMMUNITY, OAK FLRS, FIREPLACE, GRANITE COUNTERTOPS , CHERRY CABINETS , ISLAND, SS PROFILE APPLS,LARGE MASTER BEDRM AND SUITE, DOUBLE BOWL SINK, SEPARATE SHOWER WITH SOAKER TUB, EXTRA STORAGE IN FRONT OF HEATED GARAGE SPOT (#75). DEEDED PARKING SOLD FOR $30K EXTRA. GREAT VALUE
| |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Total Number of Parking: 1
Garage Spaces: 1
Garage Ownership: Owned, Deeded Sold Separately
Garage On-Site: Yes
Garage Type: Attached
Interior Details
Bedrooms: 2
Bathrooms: 2
Full Bathrooms: 2
Interior Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage
Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Rooms: 5
Fireplace Features: Gas Log
Fireplaces: 1
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 21-25 Years
Rebuilt(Y/N): No
Parcel Number: 17084430421079
Property Type: Residential
Year Built: 1999
No Disability Access
Special Conditions: None
Exterior Features: Balcony, Deck, End Unit
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2023
Tax Annual Amount: $7,754
Tax Exemptions: Homeowner
Utilities Details
Cooling: Central Air
Heating: Natural Gas, Forced Air
Sewer : Sewer-Storm
Location Details
Township: West Chicago
Corporate Limits: Chicago
Directions: ENTRANCE IS ON MAY BETWEEN MADISON AND WASHINGTON. MAY IS ONE BLOCK EAST OF RACINE
County or Parish: Cook
Elementary School District: 299
Elementary School: Skinner Elementary School
Middle Or Junior School District: 299
High School District: 299
Other Details
Association Fee Includes: Water, Parking, Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $443
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/13/2024
|
2 Bed
|
2 Bath
|
1500 ft²
|
$625,000
2 Bed
2 Bath
1500 ft²
|
$625,000
08/01/2024
|
Rubina Bokhari
Compass
| |
|
03/20/2023
|
2 Bed
|
2 Bath
|
1500 ft²
|
$525,000
2 Bed
2 Bath
1500 ft²
|
$515,000
-1.90%
05/08/2023
|
Lisa Barroso
Westward 360
| |
|
01/14/2008
|
2 Bed
|
2 Bath
|
1500 ft²
|
$389,000
2 Bed
2 Bath
1500 ft²
|
$395,000
+1.54%
06/23/2008
|
Eva Lakomiec
Berkshire Hathaway HomeServices Chicago
| |
|
10/03/2007
|
2 Bed
|
2 Bath
|
1500 ft²
|
$399,900
2 Bed
2 Bath
1500 ft²
|
$415,000
+3.78%
01/07/2008
|
George Ayling
Select a Fee RE System
|
Building Info
About West Side
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Rubina Bokhari, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 12103980
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12103980
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017