1011 N Menard Avenue

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1011 N Menard Avenue

Chicago, IL 60651
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Chicago
  • Address is 1011 N Menard Avenue within 60651
  • Asset is currently available for purchase
  • Positioned within the established Austin neighborhood
  • Property features a standard multifamily apartment layout

What's Special

Situated in the Austin neighborhood of Chicago, this multifamily apartment building provides a residential footprint within a dense urban environment. The property at 1011 N Menard Avenue is positioned near major transit corridors and local thoroughfares, offering connectivity throughout the greater Chicago metropolitan area. This submarket features a mix of historic residential architecture and established community infrastructure, serving a population that relies on accessible rental housing options. Given the configuration of the asset, it functions well as a multi-unit investment property for those looking to expand their portfolio within the Illinois market. Investors may find this location suitable for rental operations, as the proximity to neighborhood amenities and public transportation networks remains a consistent factor for long-term tenant stability in this part of the city.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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