3014 S Broad Street

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3014 S Broad Street

Chicago, IL 60608
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 3014 S Broad Street
  • Asset situated within the 60608 zip code of Chicago
  • Property is currently being offered for sale to investors
  • Strategically positioned within the active Chicago residential real estate market
  • Suitable for owners seeking a footprint in an urban environment

What's Special

This multifamily apartment building sits at 3014 S Broad Street in Chicago, Illinois. Chicago remains a central hub for commerce and diverse residential living, benefiting from its extensive transit network and status as a major Midwestern economic anchor. The property provides a residential investment option within a well-established urban environment, suitable for long-term hold strategies or portfolio expansion. Investors looking for assets in the 60608 zip code can leverage the city's density and consistent demand for rental housing across its varied neighborhoods. The building serves as a functional residential asset, aligning with the needs of local renters in a mature metropolitan market. Prospective owners may consider this site for its utility within a larger regional investment plan, capitalizing on the ongoing activity of the Chicago real estate sector.

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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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