IL
Cook
Chicago
60661
660 W Wayman Street 307, Chicago, IL 60661
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Listing Type
Condo/Townhome
Listing Status
Active Under Contract
34
$420,000

Home Details for 660 W Wayman Street 307

Price
$420,000
Type
Residential
Bedrooms
2
Bathrooms
2.0
Square feet
838
Year built
2008
County
Cook
Total rooms
5
Garage
Days on site
60
MLS Listing#
12477136
Hoa
466
Property Description

Turn-key Airbnb in Downtown Chicago. Fully-furnished 2 bed / 2 bath condo in the West Loop. Rare opportunity to purchase a high-cashflow, hands-off, passive investment property near Fulton market. Proven revenue streams include gross annual revenue of $70,559 with a net operating income (NOI) of $36,424 after building expenses ($11,459), Airbnb expenses ($8,563), and management fees ($14,111). Investors can achieve an 8.67% cap rate with full property management in place, or opt to self-manage and boost the NOI by over $14,000, pushing the cap rate to 12% for even stronger cash flow (see trailing 12 months profit/loss in the documents). Currently managed by Dream Town Rentals, a short term rental operator that handles all bookings, guest communications, cleaning, turnaround, etc. Property comes with the furniture. Several upcoming bookings transfer to the new owner.

Property Features
  • House Interior
    • Elevator
    • Storage
    • High Ceilings
    • Open Floorplan
    • Granite Counters
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: eXp Realty - 888-574-9405
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-12-30 19:15:37. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-12-30 19:15:37
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
EXIT INFINITY REALTY
1621 W. Walnut St #100, Chicago, IL 60612
Office
312 834 4383
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