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1246 N Artesian Avenue
Chicago, IL 60622
Asking Price
$2.70M
Cap Rate
6%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
1246 N Artesian Ave, Chicago, IL 60622 <ul><li>Fully gut-renovated, turnkey asset with minimal capex required</li><li>Stabilized building with strong in-place cash flow</li><li>Desirable unit mix with majority 2-bedroom units</li><li>Located on a quiet, tree-lined street in West Town</li><li>Prime West Town location near Ukrainian Village and Wicker Park</li><li>Close proximity to Division St and Chicago Ave retail corridors</li><li>Strong tenant demand driven by walkability, dining, and nightlife</li><li>Easy access to CTA B
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NOI
$80,000
Cap Rate
2.96%
DSCR
0.50
Underwater
Cash-on-Cash
-9.91%
Monthly Payment
$13,358.127
Annual Cash Flow
$-80,297.522
