362 E 119th Street

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362 E 119th Street

Chicago, IL 60628
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 located at 362 E 119th Street in Chicago.
  • The property is situated within the residential landscape of the Roseland neighborhood.
  • This asset is currently available for purchase in the Illinois market.
  • The location offers direct access to key transportation routes in southern Chicago.
  • Suitable for investors targeting the workforce housing segment of the region.

What's Special

Investors seeking to expand their residential holdings in Chicago will find a functional asset at 362 E 119th Street. This multifamily apartment building serves as a core investment in the Roseland community, a neighborhood characterized by its historical residential density and local access to major thoroughfares in the southern portion of the metro area. The property aligns with the demand for workforce housing and long-term rental stability within the local submarket. With its traditional layout and established presence in the neighborhood, the asset provides a practical addition to a diverse real estate portfolio. Prospective owners can capitalize on the consistent need for apartment rentals in this section of the city, where proximity to regional transit lines supports tenant connectivity. The building represents a stable entry point for those focused on the Chicago multifamily sector, offering clear utility for property managers looking to maintain consistent occupancy levels across their holdings.

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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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