2449 N CALIFORNIA Avenue

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2449 N CALIFORNIA Avenue

Chicago, IL 60647
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).

  • Residential apartment building located at 2449 N California Avenue.
  • Property situated within the Logan Square neighborhood of Chicago.
  • Multifamily asset class suitable for long-term rental income strategies.
  • Located in a densely populated region with robust transit connectivity.
  • Investment opportunity within the established 60647 Chicago zip code.

What's Special

Investors seeking to expand their residential portfolios in Chicago will find this apartment building on North California Avenue a well-positioned asset. Situated within the Logan Square community, the property benefits from proximity to established transit corridors and the diverse local economy of the Northwest Side. Chicago remains a key destination for renters due to its stable employment base in sectors like finance, technology, and healthcare, making well-located multifamily units a consistent component of regional real estate investment strategies. The density and neighborhood culture of the 60647 zip code provide a steady demand for rental housing options. This building presents a functional opportunity for long-term residential leasing operations. Prospective buyers can leverage the existing infrastructure to stabilize and grow rental income in an area characterized by consistent occupancy trends. Whether managing as an individual investor or adding to a broader portfolio, the location offers accessibility to essential services and public transportation networks throughout the metro 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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