6 Monroe StChicago, IL 60603

Property Details for 6 Monroe St

Year built

1902

Lot size

0.09 AC

Property type

Office properties

APN

17-15-100-031-1002

APU

17151000311002

Description

This stunning 3,000 square foot condominium, located in the historic Mentor Building at 6 E Monroe St, Chicago, IL 60603, offers a unique opportunity to own a full floor in the heart of the city. The 17-story building boasts a prime downtown location, steps from Millennium Park, The Art Institute of Chicago, and a wealth of amenities including theaters, hotels, shopping, and restaurants. This light-filled space features private elevator entry, high-end finishes, floor-to-ceiling windows offering incredible views, 10-12' ceiling heights, and hardwood floors. The unit also benefits from shared amenities such as a rooftop deck and gym. Built in 1910, this adaptable space is ideal for live/work use, a high-end office, or conversion into a luxurious two or three-bedroom residence. Floor plans are available. Monthly assessments are $2,537.64 (including all utilities except electricity), and 2023 real estate taxes were $31,056.27 (with a residential use estimate of $12,000). The property's central location provides easy access to public transportation and is surrounded by prominent institutions such as DePaul University, The School of the Art Institute of Chicago, and the Chicago Symphony Orchestra. This exceptional property presents a rare opportunity to acquire a sophisticated and versatile space in one of Chicago's most desirable locations. Individual storage lockers and bike storage are also available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,218,962

  6.5%

  $1,125,196

  7%

  $1,044,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $494,038

  Geo Method

  $494,038

• Alternative Use

  Use

  Valuation

  Residential

  $1,395,243

  Hospitality

  $1,278,035

  Educational

  $1,063,310

  Medical

  $1,099,879

  Retail

  $1,654,038

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8809

Longitude

-87.6274

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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