3636 N Ashland Avenue

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3636 N Ashland Avenue

Chicago, IL 60613
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 in the Lakeview neighborhood of Chicago
  • Asset is situated at 3636 N Ashland Avenue in Illinois
  • Property resides in a dense and active urban rental market
  • Site offers potential for consistent occupancy in a high-demand area

What's Special

Investors seeking a multifamily asset in the Lakeview neighborhood will find 3636 N Ashland Avenue a viable addition to their Chicago portfolio. This apartment building sits within a dense urban submarket characterized by steady demand for rental housing and proximity to the amenities of the North Side. The property layout supports conventional residential leasing strategies, catering to the demographic of professionals and students common in this section of the city. Chicago maintains a diverse economy driven by a mix of finance, technology, and health services, ensuring consistent interest in well-situated residential properties. With its location on a prominent arterial street, the asset benefits from the connectivity and infrastructure that define the broader Chicago metropolitan area, making it a pragmatic choice for those looking to capitalize on the sustained demand for city living in a established residential corridor.

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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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