1938 N Mozart Street

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1938 N Mozart Street

Chicago, IL 60647
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 asset located in the Logan Square neighborhood of Chicago.
  • Property situated at 1938 N Mozart Street in Illinois.
  • Suitable for investors seeking exposure to the Chicago housing market.
  • Building type classified as an apartment building for residential use.
  • Positioned within a dense urban environment with significant transit connectivity.

What's Special

Logan Square remains a prominent hub in Chicago, drawing residents with its blend of historic architecture and modern urban amenities. This apartment building at 1938 N Mozart Street positions investors in a vibrant submarket characterized by high demand for multifamily housing. Chicago continues to serve as a critical economic driver in the Midwest, maintaining a diverse labor market and a steady flow of transit-oriented development. Given the residential density of the surrounding area, this asset presents a functional addition to a rental portfolio. Prospective owners can leverage the property for long-term hold strategies within this established community. The location benefits from proximity to local thoroughfares and the ongoing development projects that define the broader Chicago metropolitan region. Investors focused on the multifamily sector will find the asset well-suited for traditional leasing operations in a neighborhood that balances historic charm with essential city infrastructure.

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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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