A great studio in the Streeterville neighborhood, a perfect investment property for a student in the area, has been listed for $199,000.
The 650-square-foot, recently rehabbed studio with one bathroom is perfect for students at Northwestern, Loyola or other downtown campuses. With the average rent in the area being $1,500 a month, investing in this studio could be a sharp move.
“If parents can pay cash for this home and not have a loan, the monthly bills would be under $600,” said Elizabeth Pyle with RE/MAX Signature, who is representing the property. “That’s unheard of for the area! The views are phenomenal and the location is perfect. It’s near both campuses, Whole Foods, restaurants, Navy Pier and Michigan Avenue, but it’s not on Michigan Ave., so there’s less craziness and crowds.”
The studio is located at 512 N. McClurg Ct. Unit 2503. In addition to fantastic east-facing views, the studio is neutral white with white carpet and a Murphy bed. The kitchen — spacious for a studio — has been updated with granite countertops, a breakfast bar and white countertops.
The building itself has numerous amenities as well, including a 24-hour doorman, an exercise room, and a sun deck.
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