Norweta Residences in Chicago

Name: Sales in Norweta Residences started!
Start: 2020-07-31T12:16:45.403769+00:00
End: 2023-12-31T23:59:59+0000
Location: Norweta Residences

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Project info

Object ID: 8359

Finished at	October 2019
Price, m²	From 5800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	3
Apartments	32
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness Pool 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

870,000$

Net profit

9,376$

Payback period

74.0 years

Avg property value increase per year

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About the project

Introducing thirty-two residences in Chicago’s Lincoln Park that offer an entirely new & playfully unique take on city living. Our 3 and 4 bedroom homes and expansive penthouses incorporate the most forward-thinking aspects of residential design. Have a look for yourself—our model homes are now open.

With interiors meticulously hand selected by Gary Lee Partners, our 3 and 4 bedroom homes and expansive penthouses incorporate the most forward-thinking aspects of residential design. The result is perfect room dimensions, tons of natural light and wide-open layouts that work for every stage of your life. There are no constraints here, just residences that are smartly stunning, flawlessly functional, perfect for entertaining and even able to withstand the occasional onslaught of applesauce.