2522 W Haddon Avenue

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2522 W Haddon Avenue

Chicago, IL 60622
Asking Price
$499K
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 located within the 60622 zip code of Chicago
  • Priced at 499000 dollars for the residential property
  • Property presents a potential value add opportunity for investors
  • Positioned within a dense urban market with strong infrastructure

What's Special

This multifamily apartment building at 2522 W Haddon Avenue in Chicago is available for sale, presenting a clear path forward for investors seeking a value-add project or an addition to a residential portfolio. Situated in the 60622 zip code, the property benefits from its position within the dense urban fabric of Chicago, a major economic hub known for its resilient rental market and deep pool of potential tenants. The area features extensive public infrastructure and transit links that connect residents to broader employment centers across the city. Given its size and configuration, this asset is well-suited for private investors or boutique operators looking to stabilize a residential property in a high-demand submarket. The surrounding neighborhood offers established streetscapes and proximity to various local retail corridors that serve the local population. Investors will find that the structural nature of this building aligns with common multifamily residential strategies, providing the versatility required to adapt to current tenant preferences within this vibrant metropolitan environment.

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NOI
$80,000
Cap Rate
16.03%
DSCR
2.70
Strong
Cash-on-Cash
33.65%
Monthly Payment
$2,468.78
Annual Cash Flow
$50,374.643

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