What Nobody Tells You About Owning a Hotel-Condo at Trump Tower Chicago
Posted by Leo Clark. on
Trump Tower Chicago sits right where the river meets Wabash, and its hotel-condo units get pitched as one of the easiest ways to own a piece of that view: buy a fully furnished unit, hand it to the hotel's rental program, and let the income roll in while you're away. As of this writing, there are 10 of these units actively listed — nine studios and a single one-bedroom — with prices ranging from roughly $305,000 up to $480,000. Before deciding whether one of these units belongs in a portfolio, it's worth pulling apart what ownership actually costs, how long these units tend to sit on the market, and what the return really looks like once every fee is accounted for.
The Case For Ownership
The appeal is real. These are fully furnished,…
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