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Renelle on the River in Chicago

Name: Sales in Renelle on the River started!
Start: 2020-07-31T13:03:10.959894+00:00
End: 2023-12-31T23:59:59+0000
Location: Renelle on the River

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Project info

Object ID: 8365

Finished at	October 2019
Price, m²	From 7060$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 170.00 m²
Floors	18
Apartments	50
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking 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

1,200,200$

Net profit

9,376$

Payback period

102.1 years

Avg property value increase per year

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About the project

Surrender to the pleasures of unencumbered city living at Renelle on the River. Hidden in plain sight along the glorious Chicago River, these luxury condominiums offer design that is as subtle as it is refined. Renelle is developed by an affiliate of Belgravia Group; with its local roots and an outstanding reputation in Chicago, Belgravia Group continues to be an industry leader as it enters its eighth decade in business.

Developer

For the past 70 years, Belgravia Group has been dedicated to providing the highest quality homes and real estate related services to its val…
Details about Belgravia Group