2955 N Gresham Avenue

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2955 N Gresham Avenue

Chicago, IL 60618
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 at 2955 N Gresham Avenue
  • Asset situated within the Avondale submarket of Chicago
  • Property offers direct access to the wider Chicago metropolitan area
  • Urban location benefits from proximity to established residential infrastructure
  • Investment vehicle suited for long-term residential housing strategies

What's Special

The Avondale neighborhood of Chicago provides a dense, urban environment characterized by its mix of historic residential architecture and evolving commercial corridors. Situated at 2955 N Gresham Avenue, this multifamily apartment building benefits from its accessibility to local transit lines and the diverse economic landscape of the metropolitan area. The property presents a functional asset for investors looking to expand their residential portfolio within a established city submarket known for consistent rental demand and proximity to major city thoroughfares. Residential investments in this section of Chicago serve a broad tenant base, ranging from students to working professionals who prioritize proximity to the city core. This apartment building is positioned to support long-term tenancy through its location in a well-connected pocket of the city. Prospective buyers can explore potential value-add strategies or maintain current operational standards to cater to the ongoing need for housing units in the Chicago 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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