2246 N Lockwood Avenue

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2246 N Lockwood Avenue

Chicago, IL 60639
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
  • Asset located at 2246 N Lockwood Avenue in Illinois
  • Property situated within the 60639 residential ZIP code
  • Suitable investment for long-term rental income strategies
  • Provides access to local transit and urban employment centers

What's Special

This multifamily apartment building at 2246 N Lockwood Avenue in Chicago, Illinois, is currently available for sale to investors seeking a residential income property. Situated within the 60639 ZIP code, the asset provides a foothold in a dense, established neighborhood of the city. Chicago maintains a diverse economic base and a robust rental market, supported by its extensive public transportation network and significant presence of major industries and educational institutions. Given the layout and residential zoning typical of this urban submarket, the property serves as a stable addition to a portfolio focused on long-term rental income. Prospective buyers can capitalize on the consistent demand for quality housing options across the city, where the proximity to local commercial corridors and transit hubs enhances tenant retention. The building offers functional space suitable for traditional leasing strategies in a well-connected part of the metropolitan area.

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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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