3257 N Kostner Avenue

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3257 N Kostner Avenue

Chicago, IL 60641
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 3257 N Kostner Avenue in the 60641 area
  • Ideal asset for investors seeking residential property in Chicago
  • Positioned within an established neighborhood with strong transit access
  • Suitable for long-term hold or unit modernization strategies

What's Special

This multifamily apartment building at 3257 N Kostner Avenue presents a clear value-add potential for investors seeking to expand their holdings within the Chicago market. Located in the 60641 zip code, the property sits within a densely populated urban environment characterized by consistent demand for rental housing. Chicago remains a major economic hub for the Midwest, benefiting from a diverse labor pool and an extensive infrastructure network that supports steady occupancy rates across residential submarkets. Buyers will find this asset well-positioned for long-term hold strategies or repositioning efforts to modernize unit interiors and improve operational efficiencies. The surrounding neighborhood offers robust connectivity to transit lines and thoroughfares, enhancing the accessibility required for resident retention. Its layout serves as an ideal foundation for a professional portfolio looking for infill growth in this established Illinois submarket.

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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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