2440-42 W Ardmore Avenue

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2440-42 W Ardmore Avenue

Chicago, IL 60659
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 located at 2440-42 W Ardmore Avenue
  • Property situated in the Chicago neighborhood of West Ridge
  • Asset is currently available for purchase in Illinois
  • Residential investment opportunity in a dense urban market
  • Well-connected location within the North Side of Chicago

What's Special

2440-42 W Ardmore Avenue is a multifamily apartment building situated in the West Ridge neighborhood of Chicago, Illinois. This residential asset is positioned within a dense urban corridor that benefits from consistent demand for rental housing across the greater metropolitan area. The property architecture reflects the classic residential density characteristic of North Side Chicago communities, which are supported by established transit networks and proximity to major commercial thoroughfares. Investors and operators looking to expand their portfolio within the Chicago market will find this location provides proximity to local amenities and neighborhood services. The site layout is suitable for residential management strategies focused on long-term tenant stability. As part of a diverse metropolitan landscape, this building offers potential for investors seeking to capture value in an area defined by sustained rental demand and neighborhood growth.

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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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