1/19

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1/19

Chicago, IL 60624
Asking Price
$385K
Asset Type
Multifamily
Class
Class B

What's Special

Located at 1/19 in Chicago, Illinois, this multifamily property is situated within a dense urban corridor characterized by a mix of historic residential architecture and modern commercial developments. The neighborhood offers immediate proximity to essential amenities, including grocery retailers, diverse dining options, and local park spaces. Residents benefit from robust transportation infrastructure, with multiple CTA bus routes and nearby ‘L’ train stations providing direct transit to the Loop and surrounding business districts. The area is highly walkable and features established cycling lanes. The property is suited for residential conversion or continued multifamily operations, catering to a diverse tenant base. Given the location’s connectivity, the asset is positioned to attract young professionals, students, and urban commuters seeking proximity to Chicago’s central employment hubs. The building layout supports various unit configurations, ranging from studios to multi-bedroom apartments, appealing to individuals who prioritize accessibility to city services and public transit. The surrounding demographic profile remains stable, supported by the area’s longstanding residential demand and local commercial activity.

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NOI
$80,000
Cap Rate
20.78%
DSCR
3.50
Strong
Cash-on-Cash
49.47%
Monthly Payment
$1,904.77
Annual Cash Flow
$57,142.761

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