High-floor, fully renovated, and tenant-occupied—111 E Chestnut #47BD is a rare investment opportunity in one of Chicago’s most sought-after buildings. Originally two units, now a seamless 2,000-square-foot three-bedroom home, this residence offers both strong rental income and long-term upside.
Natural light floods the space through 16 oversized windows, framing stunning city views. The open-concept kitchen features an oversized island and plenty of storage, while the living and dining areas flow naturally for an easy, spacious layout. The primary suite is a true retreat with a large bedroom, built-in office, sitting area, custom dressing room, and en-suite bath with heated floors.
Currently leased to a long-term tenant at $4,850 per month, the unit is undervalued on the rental market. Similar units command well over $5,000 per month, giving an investor immediate upside potential.
Set in a full-amenity building with 24-hour door staff, a fitness center, outdoor pool, two sundecks with gas grills, and a private dining room, this is an easy, high-demand rental in a prime Gold Coast location. Steps from Michigan Avenue, Water Tower, and Rush Street, with seamless access to transit, this unit checks all the boxes for an investor looking for strong returns in a premium high-rise.
Asking $750,000
