2020 W Waveland Avenue

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2020 W Waveland Avenue

Chicago, IL 60618
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 available for purchase in Chicago
  • Located at 2020 W Waveland Avenue in the North Center neighborhood
  • Asset occupies a prominent position within a dense residential district
  • Property suits investors focusing on the Chicago rental market
  • Established urban submarket provides consistent tenant demand for apartments

What's Special

This multifamily apartment building for sale in Chicago presents a functional acquisition for investors targeting the North Center submarket. Positioned at 2020 W Waveland Avenue, the property benefits from the neighborhood's dense residential character and proximity to established transit corridors. Chicago remains a primary hub for Midwest commerce and culture, providing a consistent rental pool for well-maintained apartment assets in residential enclaves. The building layout is suited for traditional residential leasing strategies, appealing to tenants who prioritize access to local amenities and the broader metropolitan employment base. Investors can leverage the property's location to capture demand from long-term renters seeking stability in one of the city's recognized north-side communities. As a value-add or stabilized asset, this building provides a tangible entry point into a competitive urban rental market where demand for residential inventory remains resilient across diverse demographic segments.

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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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