2547 W Homer Street

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2547 W Homer Street

Chicago, IL 60647
Asking Price
$825K
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 2547 W Homer Street.
  • Property is situated within the 60647 ZIP code of Chicago.
  • The asking price for this residential asset is $824,850.
  • Investment property positioned in a high density urban submarket.
  • Chicago provides a strong economic backdrop for apartment operations.

What's Special

Investors seeking to expand their portfolio will find this apartment building a functional addition to the Chicago multifamily market. Situated at 2547 W Homer Street in the 60647 ZIP code, the property sits within a dense urban landscape characterized by high demand for rental housing. Chicago remains a primary hub for commerce and logistics in the Midwest, providing a stable foundation for long-term residential holdings. The local neighborhood offers proximity to major transit routes and amenities, making it a viable location for attracting consistent tenant interest. This asset type remains a staple for those looking to capture value in the Logan Square area, where population density and market activity remain steady. The layout and structure are suited for ongoing apartment operations, allowing a new owner to manage the units within a vibrant segment of the city. Given its location in Illinois' largest metropolitan center, the building serves as a tangible option for participants in the commercial real estate sector focused on multifamily yields.

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NOI
$80,000
Cap Rate
9.70%
DSCR
1.63
Strong
Cash-on-Cash
12.54%
Monthly Payment
$4,080.908
Annual Cash Flow
$31,029.107

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