2849 S Kolin Avenue

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2849 S Kolin Avenue

Chicago, IL 60623
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 apartment building located in Chicago, Illinois.
  • Property situated at 2849 S Kolin Avenue, 60623.
  • Asset category consists of a residential apartment building.
  • Located within the established Chicago metropolitan real estate market.
  • Suitable for investors targeting urban multi-unit residential properties.

What's Special

This multifamily apartment building is positioned in Chicago within the 60623 ZIP code. Situated in a dense urban environment, the property benefits from the established infrastructure and connectivity characteristic of the greater Chicago metropolitan area. Its location provides access to regional transit networks and the surrounding residential communities that define this part of the city. Investors and property managers often target these types of assets to provide stable housing inventory within established neighborhoods, potentially serving long-term residents seeking proximity to local employment hubs and transit corridors. The structure is situated near 2849 S Kolin Avenue, placing it within a significant submarket that maintains consistent demand for multi-unit residential living. Prospective owners may find this asset suitable for portfolio expansion or as a stabilized addition to an existing real estate holding strategy, given the city's consistent need for varied housing options. Professional management can leverage the existing footprint to address the ongoing demand for residential apartment space throughout this sector of the market.

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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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