3088 S LYMAN Street

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3088 S LYMAN Street

Chicago, IL 60608
Asking Price
$525K
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 situated in the 60608 zip code area.
  • Asking price for this residential asset is 524,900 dollars.
  • Strategic location within a major Midwest metropolitan economic hub.
  • Suitable for residential investment and long-term income generation.

What's Special

This multifamily apartment building is positioned in Chicago, Illinois, within the 60608 zip code. The property represents a stable addition to an investor portfolio in a dense urban market known for its diverse economic base and long-term rental demand. Chicago continues to serve as a major hub for commerce, transportation, and logistics in the Midwest, providing a consistent environment for residential investment property performance. Prospective buyers will find the site well-situated for managing a steady income stream through multi-unit operations. The asset supports a variety of residential occupancy models, benefiting from proximity to the established infrastructure and transit networks characteristic of the city. Investors looking for a value-add or stabilized acquisition in the current market climate will recognize the potential inherent in this residential building footprint.

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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.01%
Monthly Payment
$2,596.919
Annual Cash Flow
$48,836.974

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