2345 S Lawndale Avenue

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2345 S Lawndale Avenue

Chicago, IL 60623
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 acquisition in Chicago
  • Located within a established neighborhood in the 60623 zip code
  • Asset presents potential for reliable long-term residential income
  • Strategic position within the robust Chicago metropolitan rental market
  • Functional property suitable for experienced residential real estate investors

What's Special

This multifamily apartment building at 2345 S Lawndale Avenue in Chicago is available for sale, presenting a functional acquisition for residential investors seeking to expand their portfolio within the city. The property fits well into the densifying urban fabric of Chicago, a major Midwestern economic hub known for its resilient rental market and diverse tenant pool. With steady demand for quality apartment housing across the metro area, this asset is positioned to serve as a reliable income-producing investment. Its location in a established neighborhood provides consistent access to local infrastructure and transit corridors that support a stable residential occupancy base. The building offers straightforward operational potential for those focused on long-term capital preservation or active management strategies in one of the nation's most liquid real estate markets. Future owners can leverage the demand for well-maintained living spaces as regional population trends continue to favor central urban environments for employment and lifestyle connectivity.

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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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