Fifteen Fifty on the Park in Chicago

Name: Sales in Fifteen Fifty on the Park started!
Start: 2020-07-29T06:33:09.287226+00:00
End: 2023-12-31T23:59:59+0000
Location: Fifteen Fifty on the Park

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Project info

Object ID: 8285

Finished at	October 2019
Price, m²	From 6670$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 300.00 m²
Floors	9
Apartments	32
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

2,001,000$

Net profit

9,376$

Payback period

170.2 years

Avg property value increase per year

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About the project

FIFTEEN FIFTY ON THE PARK takes its cues from the storied architecture of the Gold Coast and the tranquility of parkfront, lakefront living. The restoration and reproduction of the Village Theater’s remarkable façade, with its white terra cotta, intricate ornamentation and red brick forms a distinctive, striking entrance. Rising above the façade and transforming the corner, a contemporary tower makes a simple, elegant statement of luxury.

Residents will enjoy the intimacy of a boutique building while indulging in thoughtfully designed amenities including:

24-hour front desk staff

State-of-the-art Fitness Center

Club Room and elegant Lounge

Business Center

High-speed connectivity in amenity areas

Individual storage area for each residence

Indoor deeded self-parking

Developer

Back in 1994, our three founders focused on California neighborhoods such as Third Street Promenade, Old Town Pasadena and Brea. Today, we’r…
Details about CIM Group