2643 N Monticello Avenue

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2643 N Monticello 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 in the Logan Square neighborhood.
  • Property address is 2643 N Monticello Avenue in Chicago.
  • Apartment building suited for residential rental investment operations.
  • Located within a dense and well-connected metropolitan urban market.
  • Positioned in a region with consistent demand for housing.

What's Special

2643 N Monticello Avenue is a multifamily apartment building situated in the Logan Square neighborhood of Chicago. This property provides a residential footprint in one of the city's most dynamic districts, characterized by a dense mix of historical architecture and modern urban development. The surrounding Logan Square area maintains a steady demand for rental housing due to its high walkability and proximity to public transit corridors serving the broader metropolitan region. Investors and operators in this submarket often target properties like this for long-term hold strategies given the consistent influx of residents seeking proximity to the local dining, retail, and entertainment scenes. The building layout supports residential leasing operations, making it a viable addition to a portfolio focused on multi-family assets within an established Chicago community. The location benefits from a population that prioritizes transit-oriented connectivity and cultural amenities, ensuring the asset remains positioned within a high-traffic urban corridor.

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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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