630 N Franklin Street 803, Chicago, IL 60654

$475,000 Asking Price

2 beds
2 baths
1,250  sqft
Built in 2005

Tenant occupied unitl June 2025. Great investment opportunity with tenant in place. Come and see for yourself! 6% Capitalization Rate! Recently updated and ready for its new owner! This large 2br/2ba soft loft with 10' ceilings, floor ceiling windows and PRIVATE balcony provides fantastic city views in bustling River North. Proximal to an abundance of cafes, popular restaurants and night life. Southern exposure ensures you never miss a day of sun inside or out. Chef's kitchen with newer appliances, in unit washer/dryer, fully built out closets and updated bathrooms. six30 Franklin is a well maintained building with some of the lowest HOA's in River North including Cable (1,000 mbps), water, gas, and Amazon Lockers. Investor friendly building (no short term) with very healthy reserves and professionally managed. No rental caps, no active/upcoming special assessments. Close to transportation (Brown and Red lines) A+ with the Superior/Chicago L-line stops and the Kennedy Expressway within 1 block. Excellent parking spot offered for an additional 30k.


Features & Amenities

Interior

General:
Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, First Floor Laundry, Laundry Hook-Up in Unit, Storage, Built-in Features, Walk-In Closet(s), Bookcases, Ceiling - 10 Foot, Open Floorplan, Dining Combo, Doorman, Drapes/Blinds, Lobby
Rooms:
Balcony/Porch/Lanai
Master Bath:
Double Sink,Full Body Spray Shower
Appliances:
Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
Dining:
Combined w/ LivRm
Laundry:
Gas Dryer Hookup, In Unit, Laundry Closet
Basement:
None
A/C:
Central Air
Heating:
Natural Gas, Forced Air
Disability Feature:
None

Exterior

General:
Concrete, Balcony
Parking:
Garage, Parking spaces: 1

Construction

Roofing:
Asphalt

Location

HOA Amenities:
Bike Room/Bike Trails, Elevator(s), On Site Manager/Engineer, Receiving Room, Security Door Lock(s), Heat, Water, TV/Cable, 501.0, Monthly
Originating MLS:
mred
School District:
299
County:
Cook

Lot

Zoning:
17092220201088

Utilities

Water:
Lake Michigan
Sewer:
Public Sewer

Financial

Source:
mred
Ownership:
Condo

This listing courtesy of:
Baird & Warner, Christopher Katsulis

About Chicago, IL

Housing

Number of Units
1,208,010
Median Home Value
$320,169
Median Rent
$1,131

55.74% of housing units are renter occupied.

9.90% are vacant.

Commute

Car
44.88%
Public Transportation
19.46%
Walk to Work
4.26%
Work from Home
29.59%
Other
0.70%

The median travel time to work is 27 minutes.

People

Population
2,658,686
Median Age
36.40
Median Household Size
2.54

Education

High School
22.12%
Associate’s Degree
5.76%
Bachelor’s Degree
24.28%
Graduate Degree
17.51%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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