55 W Burton Place
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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.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2022 | Sold | ||
| Sold | |||
| Aug 23, 2022 | Listed by Baird & Warner | $1,299,000 | |
| Listed by Baird & Warner | |||
| | |||
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Located on a tree lined street, blocks from the lakefront, this is your chance to own a piece of Chicago history. Dating back to the 1880's, this charming row home in the heart of the Gold Coast is a dream come true for any city lover. Elegance abounds as you walk through the foyer into the main level with 10' 10" ceilings and gleaming hardwood floors. Light filled living room with wood burning fireplace and towering windows leads into a large dining room with a beautiful built in buffet. Eat in kitchen with white cabinets and stainless steel appliances looks out on a beautifully landscaped, 32 x 18 private terrace perfect for entertaining or enjoying a warm summer evening at home. Upper level includes large primary suite with wood burning fireplace, sky light and plenty of closet space, primary bath with double sinks, granite countertops and marble floors on one end. Two additional spacious rooms and full bath on the other. Lower level is large enough to accommodate a family room, home office with built in desks and storage, full bath, laundry room as well as a large storage space with shelves and wine racks. Parking is available for rent across the street. Walking distance to the lake, great neighborhood restaurants, high-end shopping, and top rated schools, including Latin School of Chicago, this is Gold Coast living at its best. This beautifully maintained and sophisticated home is ready for its next chapter!
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| Nov 8, 2019 | Sold | ||
| Sold | |||
| Jul 26, 2019 | Listed by Coldwell Banker Realty | $1,199,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
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About Central Chicago
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017