1017 N Richmond Street

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1017 N Richmond Street

Chicago, IL 60622
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).

  • Located at 1017 N Richmond Street in Chicago Illinois.
  • Multifamily apartment building available for purchase by investors.
  • Property situated within the highly accessible 60622 ZIP code.
  • Urban residential asset positioned in a core metropolitan market.
  • Building supports standard rental demand in the West Town area.

What's Special

This apartment building at 1017 N Richmond Street serves as a functional multifamily asset within the West Town neighborhood of Chicago. As a dense, transit-oriented urban environment, the location provides residents with proximity to major employment hubs and commercial corridors that define the broader Chicago metropolitan economy. The property architecture reflects the classic residential density found throughout the 60622 ZIP code, accommodating a variety of tenant profiles ranging from young professionals to long-term renters drawn to the cultural and economic vitality of the city. Investors looking for multi-family holdings in established Chicago neighborhoods will find this asset well-positioned for consistent rental demand. The building layout supports standard residential living arrangements, making it a viable addition to a local portfolio focused on core urban density. Its placement within the grid allows for straightforward connectivity to downtown districts and regional transit infrastructure, supporting both current occupancy stability and long-term interest in the asset class.

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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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