11250 S Vernon Avenue

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11250 S Vernon Avenue

Chicago, IL 60628
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, Illinois.
  • Property situated at 11250 S Vernon Avenue in 60628.
  • Asset designed for residential rental and investment purposes.
  • Represents a stabilized opportunity in an urban submarket.
  • Suitable for long-term residential real estate investment strategies.

What's Special

Chicago maintains a diverse and dense residential landscape, offering consistent demand for well-positioned rental properties across its various neighborhoods. The apartment building at 11250 S Vernon Avenue is situated within this stable market, serving the local population with residential rental capacity. This multifamily asset provides investors with the potential for income generation through stable occupancy in an established urban environment. Properties of this nature are suited for long-term residential housing strategies or buy-and-hold investment portfolios. Given the character of Chicago submarkets, this building remains a functional choice for those seeking to participate in the local rental economy. The configuration allows for straightforward management while supporting the ongoing demand for apartment space in the broader metropolitan area.

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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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