Investment Opportunity: High-Rise Condo with North-Facing Views and Long-Term Tenant. Prime investment opportunity at Park Place Tower, this 38th-floor condo offers breathtaking north-facing views of the city and Lake Michigan. Currently rented until 8/31/2025, this unit is perfect for investors seeking a property with immediate rental income. This condo features a modern open floor plan, recently painted with new carpet in the primary bedroom. The den can function as a second bedroom or office space, adding versatility. The updated kitchen is equipped with sleek stainless steel appliances, ample counter space, and abundant cabinetry. Natural light floods the living room through large windows, highlighting the stunning views. The primary bedroom offers new carpet and storage options, while hardwood floors enhance the main living area's modern appeal. The remodeled bathroom boasts elegant fixtures and finishes. Park Place Tower amenities include a 24-hour doorperson, fitness center, swimming pool, and a deck with spectacular city views. The location provides easy access to top dining, shopping, and entertainment. Rent covers Cable TV, Heat, Water, Parking, Pool, Scavenger, Doorman, Internet Access, and Wi-Fi. Secure your investment in a desirable location with excellent tenant occupancy until 2025. Don't miss this chance to add a high-value property to your portfolio! Current rent is $2, 600.
Property Features
Bedrooms
- Bedrooms: 1
- Bedrooms Possible: 1
- Primary Bedroom Dimensions: 12 x 16
- Primary Bedroom Level: Main
Other Rooms
- Total Rooms: 5
- Den, Walk In Closet
- Walk In Closet: 4 x 5
- Walk In Closet Level: Main
- Den Dimensions: 13 x 8
- Living Room Dimensions: 13 x 20
- Den Level: Main
- Living Room Level: Main
- Exercise Room: Yes
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Elevator
- Hardwood Floors
- Theatre Room
- Storage
- Walk-In Closet(s)
- Doorman
- Lobby
- Flooring: Hardwood
Appliances
- Yes
- Laundry Features: Common Area
Heating and Cooling
- Cooling Features: Central Air, Zoned
- Heating Features: Forced Air
Kitchen and Dining
- Dining Area Level: Main
- Kitchen Dimensions: 7 x 9
- Kitchen Level: Main
Exterior and Lot Features
- In Ground Pool
- Storms/Screens
- Outdoor Grill
Land Info
- Additional Parcels Description: 14211010541794
- Additional Parcels: Yes
Garage and Parking
- Parking Features: Assigned
- Parking Total: 1
Homeowners Association
- Association: Yes
- Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Service Elevator(s), Valet/Cleaner
- Association Fee: 868
- Association Fee Frequency: Monthly
- Association Fee Includes: Heat, Air Conditioning, Water, Parking, Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Scavenger, Snow Removal, Internet
- Calculated Total Monthly Association Fees: 868
- Pets Allowed: Cats OK, Deposit Required, Dogs OK
- Cats Allowed: Yes
- Dogs Allowed: Yes
School Information
- Elementary School District: 299
- High School District: 299
Amenities and Community Features
Other Property Info
- Annual Tax Amount: 4174.00
- Source Listing Status: Active Under Contract
- County: Cook
- Directions: LAKE SHORE DRIVE TO IRVING WEST TO 655
- Tax Year: 2022
- Ownership: Condo
- Source Property Type: Residential
- Property Subtype: condo
- Parcel Number: 14211010542370
- Township: Lake View
- Management Company: First Service Residential
- Property Subtype: Attached Single
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 945
- Year Built: 1973
- Property Age: 51
- Levels or Stories: 1
- Structure Type: Condo
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Lake Michigan, Public