2328 N Lawndale Avenue

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2328 N Lawndale Avenue

Chicago, IL 60647
Asking Price
$779K
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 IL
  • Asset is situated within the active 60647 zip code
  • Asking price for this residential property is 779000 dollars
  • Property location offers connectivity throughout the greater Chicago area
  • Suitable investment for operators targeting urban residential rental units

What's Special

Investors seeking to expand a residential portfolio in Chicago can acquire this apartment building located at 2328 N Lawndale Avenue. Situated in the Logan Square area, this property benefits from proximity to the diverse economic drivers and transit infrastructure defining this section of the city. The dense urban character of the neighborhood supports consistent demand for rental housing options, making this a functional addition for operators focused on long-term value in the multifamily sector. This asset provides a stable entry point into a well-established submarket known for its active community and connectivity to broader metropolitan employment hubs. The site supports various multi-family investment strategies, whether pursuing immediate stabilization or long-term repositioning efforts. Proximity to major local thoroughfares ensures accessibility for tenants, while the surrounding residential density reinforces the viability of apartment properties within this specific Chicago zip code. Prospective buyers will find this an efficient acquisition for managing recurring rental income streams within a mature and resilient urban environment.

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NOI
$80,000
Cap Rate
10.27%
DSCR
1.73
Strong
Cash-on-Cash
14.44%
Monthly Payment
$3,854.067
Annual Cash Flow
$33,751.196

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