2615 N Hamlin Avenue

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2615 N Hamlin 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).

  • Multifamily asset located at 2615 N Hamlin Avenue in Chicago.
  • The property is situated within the active Logan Square submarket.
  • The building is categorized as a residential apartment complex.
  • Logan Square provides access to established local transit and infrastructure.
  • This location serves a high concentration of urban residential tenants.

What's Special

Chicago is a dense urban environment with a diverse population, supporting strong demand for well-positioned residential assets. The Logan Square neighborhood provides a transit-oriented atmosphere, characterized by historic residential architecture and local commercial corridors that drive rental interest. Residents benefit from proximity to extensive regional transit networks, including nearby CTA stations and major arterial roadways, which connect the area to the broader metropolitan economy. This multifamily asset at 2615 N Hamlin Avenue consists of an apartment building positioned within this stable residential submarket. The structure serves as a functional investment opportunity for those seeking to capitalize on steady housing demand in a densely populated sector of the city. Given the building type and its strategic placement, it is suitable for long-term rental hold strategies, catering to a consistent base of urban dwellers who prioritize accessibility to city amenities and neighborhood-specific lifestyle offerings. Investors can evaluate the property based on current rental market trends and the historical occupancy stability found throughout this part of Chicago.

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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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