2533 E 83rd Street

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2533 E 83rd Street

Chicago, IL 60617
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 residential building located at 2533 E 83rd Street in Chicago.
  • Investment opportunity currently available for sale in Illinois.
  • Property situated in a densely populated urban residential submarket.
  • Asset designed to meet the ongoing demand for local rental housing.
  • Located within the major economic and transit hub of Chicago.

What's Special

This multifamily apartment building at 2533 E 83rd Street in Chicago is currently available for purchase, presenting a viable acquisition for investors seeking to expand their residential holdings in the Illinois market. Situated within a established residential corridor of the city, the property provides access to the diverse economic drivers of the Chicago metropolitan region, including robust transit networks and a dense concentration of local services. The structure serves as a functional asset for housing providers aiming to cater to the consistent demand for rental accommodations in urban submarkets. Ownership in this sector allows for active management strategies to optimize long-term rental income through consistent tenant retention and routine facility maintenance. Whether integrated into a larger portfolio or held as a focused investment, this site benefits from its position in a major Midwestern hub known for its resilient housing market and demographic depth.

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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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