2642 W Superior Street

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2642 W Superior Street

Chicago, IL 60612
Asking Price
$750K
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.
  • Property is listed with an asking price of $749,900.
  • Located at 2642 W Superior Street in the 60612 zip code.
  • Asset provides an investment entry point into the Chicago market.
  • Suitable for investors looking for residential rental property opportunities.

What's Special

Priced at $749,900, this multifamily apartment building is situated at 2642 W Superior Street in Chicago, Illinois. The property sits within the 60612 zip code, a dynamic area that benefits from its proximity to the city's robust economic center and established residential infrastructure. Chicago remains a major hub for diverse industries, supporting consistent demand for well-located rental housing across the metropolitan region. This asset type allows for various investment strategies, ranging from long-term buy-and-hold approaches to value-add renovations aimed at increasing rental yields. Prospective buyers will find this building positioned to capitalize on the steady tenant base characteristic of the Chicago market. Its location provides accessibility to local transportation networks and urban amenities, making it a functional addition to an investor's real estate portfolio. The property serves as a practical choice for those seeking to expand their residential holdings in a significant Midwest market.

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.096
Annual Cash Flow
$35,478.848

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