2355 N Newland Avenue

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2355 N Newland Avenue

Chicago, IL 60707
Asking Price
$475K
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
  • Asset located at 2355 N Newland Avenue, Illinois
  • Asking price for the property is $474,900
  • Positioned within a dense and established urban submarket
  • Suitable investment vehicle for residential rental portfolios

What's Special

This multifamily apartment building at 2355 N Newland Avenue in Chicago is currently available for purchase at $474,900. Situated in a well-established urban residential environment, the property provides a foundational asset for investors looking to expand their portfolio within the Chicago market. Chicago maintains a diverse economy driven by finance, technology, and manufacturing, supporting consistent demand for quality residential housing units across its various neighborhoods. The city's extensive transportation infrastructure, including proximity to major transit arteries, ensures connectivity for residents throughout the metropolitan area. As a residential investment, this building is positioned to cater to tenants seeking accessibility to local amenities and the broader regional employment hubs. Prospective buyers should consider the long-term utility of this asset type within a competitive rental landscape characterized by steady demand from a dense local population base.

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NOI
$80,000
Cap Rate
16.85%
DSCR
2.84
Strong
Cash-on-Cash
36.36%
Monthly Payment
$2,349.546
Annual Cash Flow
$51,805.447

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