3035 N Spaulding Avenue

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3035 N Spaulding 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 3035 N Spaulding Avenue
  • Positioned within the active and developing Avondale Chicago neighborhood
  • Strategically situated for access to local metropolitan transit networks
  • Asset type suitable for long-term residential rental investment strategies
  • Serves the dense housing demand within the Chicago metro area

What's Special

The multifamily apartment building at 3035 N Spaulding Avenue provides a residential investment opportunity in the Avondale neighborhood of Chicago. This asset serves as a functional component of the local housing stock in a dense urban market known for its mix of industrial heritage and rapid residential development. The property sits within a key transit-oriented corridor that attracts tenants who value connectivity to major employment hubs and the broader metropolitan lifestyle afforded by proximity to public transportation and regional expressways. Investors looking for established housing inventory in a stable Chicago submarket will find this apartment building suitable for long-term rental strategies. The property offers utility for those seeking to capitalize on steady demand from the professional and working-class population characterizing this section of the city. Given its location within a well-populated residential area, the building is positioned to support consistent occupancy levels typical of mature urban environments. This multifamily asset represents a strategic addition to portfolios focused on high-demand, transit-proximate housing markets.

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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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