3154 S May Street

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3154 S May Street

Chicago, IL 60608
Asking Price
$785K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Chicago, Illinois.
  • Property is currently listed for sale at $785,000.
  • Located within the 60608 zip code of Chicago.
  • Asset provides potential for long-term residential rental income.
  • Situated in a well-established urban residential submarket.

What's Special

This multifamily apartment building at 3154 S May Street presents a stable investment in the Chicago market. Positioned in the 60608 zip code, the property serves as a functional addition to a residential portfolio within a major urban center. The asset type allows for consistent rental income generation while benefiting from the density and robust demand characteristics of the Chicago metropolitan area. Owners can leverage the existing structure to support long-term tenancy in a neighborhood that remains well-connected to the broader city infrastructure. The property is currently available for purchase at an asking price of $785,000. Investors looking to expand their footprint in Illinois will find this building aligns with standard residential holding strategies in a well-established submarket.

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NOI
$80,000
Cap Rate
10.19%
DSCR
1.72
Strong
Cash-on-Cash
14.18%
Monthly Payment
$3,883.752
Annual Cash Flow
$33,394.98

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