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$309,900

Sold
3430 N Lake Shore Dr Apt 6P, Chicago, IL 60657
2 Beds
2 Baths
1,250 Square Feet
0.00 Acres Lot
Built in 1974
Sold
Units n/a
Checked: 4 hours ago
Updated: Sep 16, 2025 at 10:45AM

Investment Summary


Monthly Cash Flow
-$1,286
Cap Rate
0.7%
Cash-on-Cash Return
-21.7%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-16.9%

Property Description


0.00 Acres Lot
Built in 1974
Sold
Units n/a

Spectacular lake, Belmont Harbor and park views from renovated 2 bedroom 2 bath spacious condo. White cabinet kitchen with granite counters, tile backsplash and stainless steel appliances. Hardwood floors, separate dining area. Full amenity building with 24 hour doorman, fitness room, management office on premises and transportation at your door. Great location. Walk to park, lake, restaurants. Move right in. Great investment. No rental cap.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Heated Garage, On Site, Leased, Attached, Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 19
  • Basement: Yes
  • Basement Description: Other, Full

HOA

  • Has HOA: Yes
  • HOA Fee: $1,314/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 14213070471056
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1974

Tax Information

  • Annual Tax: $5,241

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air, Zoned
  • Cooling: Central Air, Zoned

Location

  • County: Cook

Listing Details


Listed by:
Lora Perlman
Coldwell Banker
(312) 953-4957

Source:
Midwest Real Estate Data (MRED)
MLS#: 12445676
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$1,286
Cap Rate
0.7%
Cash-on-Cash Return
-21.7%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-16.9%

Purchase Details

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Purchase price:
$309,900
Amount financed:
-$247,920
Down payment:
$61,980
Closing costs:
$9,297
Rehab costs:
$0
Initial cash invested:
$71,277
Square feet:
1,250
Cost per square foot:
$248
Monthly rent per square foot:
$2.24

Financing Details

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Loan amount:
$247,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,467
Property tax:
$437
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,100

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$437-$5,241
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (47%)
47%-$1,314-$15,768
Total operating expenses: (88%)
88%-$2,451-$29,409

Cash Flow


Monthly Yearly
Net operating income:
$181 $2,172
Mortgage payments:
-$1,467 -$17,604
Cash flow:
-$1,286 -$15,432