1000M in Chicago

Name: Sales in 1000M started!
Start: 2020-07-30T12:40:28.509917+00:00
End: 2023-12-31T23:59:59+0000
Location: 1000M

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Project info

Object ID: 8340

Finished at	September 2022
Price, m²	From 10350$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.00 m²
Floors	74
Apartments	421
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

476,100$

Net profit

6,783$

Payback period

52.7 years

Avg property value increase per year

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About the project

1000M is a soaring 74-story condominium skyscraper designed by internationally-renowned architect, Helmut Jahn, with interiors by acclaimed designer, Kara Mann. Situated on Michigan Ave. in Chicago’s South Loop downtown neighborhood, 1000M promises an uncompromising commitment to the art of living with an irreplaceable location where city and nature meet, breathtaking and “forever” unobstructed views, and superb contemporary design…inside and out.