2108 W Addison Street

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2108 W Addison Street

Chicago, IL 60618
Asking Price
$1.10M
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 2108 W Addison Street in the 60618 area
  • Asking price for the residential asset is 1,100,000 dollars
  • Asset provides an entry point into the local housing market
  • Property is situated within a high-density urban residential corridor

What's Special

This multifamily apartment building at 2108 W Addison Street is available for sale, offering a functional investment asset in Chicago. Situated within the 60618 zip code, the property benefits from its position in a dense urban environment known for its consistent demand for residential housing. The location provides proximity to local transit and the various neighborhood amenities that define this section of the city, making it a viable option for investors seeking to grow their portfolio in a established market. Investors may find this site suitable for long-term hold strategies or repositioning efforts to stabilize rental income within this vibrant metro area. The building presents a straightforward addition to residential real estate holdings, catering to those focused on the multifamily sector of the local economy. Given its urban placement, the asset is well-positioned to serve tenants looking for accessibility to central Chicago neighborhoods and regional infrastructure hubs.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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