2822 W FLOURNOY Street

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2822 W FLOURNOY Street

Chicago, IL 60612
Asking Price
$494K
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 sale in Chicago
  • Asset located at 2822 W Flournoy Street
  • Asking price for this investment property is 494000 dollars
  • Property situated within the established 60612 zip code
  • Residential asset suitable for long term income generation

What's Special

This multifamily apartment building at 2822 W Flournoy Street in Chicago is available for sale, presenting a practical addition for investors focused on urban residential holdings. The property is situated within the 60612 zip code, an area characterized by its proximity to the core of Chicago and its ongoing integration into the broader metropolitan housing market. Given its multifamily designation, the building is well-positioned for an owner seeking to capitalize on steady rental demand in this established neighborhood. The asset benefits from Chicago’s density and the consistent need for residential inventory near major city infrastructure and transit corridors. Prospective buyers can leverage this location to serve long-term tenants who prioritize accessibility to city amenities and employment hubs. With a strategic approach to management and capital allocation, this asset offers a defined opportunity to secure a foothold in one of the Midwest’s most resilient rental markets.

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NOI
$80,000
Cap Rate
16.19%
DSCR
2.73
Strong
Cash-on-Cash
34.19%
Monthly Payment
$2,444.042
Annual Cash Flow
$50,671.49

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