3240 W Cortez Street

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3240 W Cortez Street

Chicago, IL 60651
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 available for sale in Chicago
  • Located at 3240 W Cortez Street in the 60651 zip code
  • Positioned within a dense and established residential submarket
  • Asset supports long-term buy and hold investment strategies
  • Benefits from consistent demand within the Chicago rental market

What's Special

Investors seeking to expand their residential holdings in Chicago will find this apartment building on West Cortez Street a practical addition to an urban portfolio. The multifamily asset is positioned in a dense residential submarket within the city, providing consistent demand for rental housing. Chicago remains a major economic hub with diverse employment opportunities across the finance, technology, and healthcare sectors, supporting stable occupancy rates for well-maintained apartment stock. The property at 3240 W Cortez Street serves as a functional vehicle for buy-and-hold strategies aimed at long-term capital appreciation and recurring cash flow. Its placement within the local infrastructure allows for efficient access to neighborhood services and public transit corridors common throughout the metropolitan area. Potential owners can leverage the city's strong rental culture to maintain consistent income streams while benefiting from the property's established footprint in the Humboldt Park area.

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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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