2233 S Spaulding Avenue

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2233 S Spaulding Avenue

Chicago, IL 60623
Asking Price
$450K
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 sale in Chicago.
  • The property is listed at a price of $449,900.
  • Located at 2233 S Spaulding Avenue within the 60623 ZIP code.
  • Residential asset situated in a significant urban Midwestern market.
  • Well-positioned to serve the needs of local rental tenants.

What's Special

This multifamily apartment building at 2233 S Spaulding Avenue in Chicago, Illinois, is currently listed for sale at $449,900. Situated in the city's West Side, the property provides access to a densely populated urban environment characterized by a mix of residential and commercial infrastructure. The area benefits from proximity to major Chicago transit arteries and the ongoing economic development typical of established metro neighborhoods. As a multifamily asset, this building represents a potential acquisition for investors seeking to grow their residential portfolio in a key Midwestern market. Its location within a well-connected pocket of Chicago offers logistical advantages for tenant attraction and property management, supporting long-term rental income strategies.

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NOI
$80,000
Cap Rate
17.78%
DSCR
3.00
Strong
Cash-on-Cash
39.48%
Monthly Payment
$2,225.86
Annual Cash Flow
$53,289.683

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