3251 W Evergreen Avenue

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3251 W Evergreen Avenue

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 3251 W Evergreen Avenue in the 60651 area
  • Asset positioned within a dense, supply-constrained urban market
  • Property features connectivity to major Chicago transit networks
  • Suitable for long-term investors or value-add redevelopment projects

What's Special

Chicago remains a dense, supply-constrained market where well-positioned multifamily assets provide consistent housing demand. Located at 3251 W Evergreen Avenue in the 60651 ZIP code, this apartment building sits within an established urban residential neighborhood. The property benefits from the city's robust infrastructure and extensive public transit network, which historically supports stable occupancy rates across diverse demographic sectors. The surrounding area features a mix of residential structures and local services common to the Humboldt Park and Logan Square vicinities. This building functions as an entry point for investors targeting the Chicago multifamily sector or adding to an existing portfolio. Prospective owners may consider the asset for long-term hold strategies, value-add renovations, or continued rental operations to capitalize on the region's enduring requirement for quality urban housing. Its placement within the grid provides connectivity to major thoroughfares and proximity to downtown employment hubs, maintaining long-term appeal for local tenants.

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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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