2818 S Wells Street

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2818 S Wells Street

Chicago, IL 60616
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).

  • Located in the established Bridgeport neighborhood of Chicago
  • Asset type is a multifamily apartment building
  • Property address is 2818 S Wells Street Chicago Illinois
  • Positioned within the 60616 ZIP code region
  • Suitable for long-term residential real estate investment

What's Special

Situated in the Bridgeport neighborhood of Chicago, this multifamily apartment building at 2818 S Wells Street positions residents within a historic and culturally significant area of the city. Bridgeport maintains a steady urban character with close proximity to downtown Chicago and major transportation arteries, making it a functional location for residential operations. The property serves as a stable asset within a well-established submarket that continues to attract a consistent tenant base looking for access to the wider metropolitan region. Investors may find this site suitable for long-term hold strategies aimed at providing local housing options. The existing structure allows for continued use as multi-unit rental housing, catering to the ongoing demand for residential inventory in the 60616 ZIP code. Its location offers connectivity to the broader Chicago economy and labor markets while retaining a localized residential atmosphere.

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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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