2931 W LEXINGTON Street

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2931 W LEXINGTON Street

Chicago, IL 60612
Asking Price
$575K
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 located at 2931 W Lexington Street.
  • Investment priced at 574900 dollars for the asset.
  • Positioned within a major midwestern metropolitan rental market.
  • Well suited for investors seeking residential property exposure.

What's Special

This multifamily apartment building at 2931 W Lexington Street in Chicago is currently available for sale. It represents a functional investment prospect for real estate buyers looking to expand their portfolio within the Illinois market. Situated within the city limits, this property benefits from the dense urban infrastructure and consistent rental demand characteristic of Chicago neighborhoods. Its strategic placement allows for convenient access to local transit options and major thoroughfares throughout the metropolitan area. Investors may find this asset suitable for long-term hold strategies or repositioning efforts to stabilize cash flow. Given its status as an apartment building, it serves as a straightforward entry point or addition for operators focused on residential housing in a highly populated urban environment.

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NOI
$80,000
Cap Rate
13.92%
DSCR
2.34
Strong
Cash-on-Cash
26.60%
Monthly Payment
$2,844.292
Annual Cash Flow
$45,868.502

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