3659 S Union Avenue

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3659 S Union Avenue

Chicago, IL 60609
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 purchase in Chicago Illinois
  • Located at 3659 S Union Avenue in the 60609 district
  • Positioned within an established urban residential submarket of Chicago
  • Asset provides potential for long-term residential rental income generation
  • Strategic location offers access to regional transit and employers

What's Special

Investors seeking an income-producing multifamily asset in Chicago will find this apartment building situated at 3659 S Union Avenue a practical addition to an urban portfolio. The property resides within the 60609 ZIP code, a sector that benefits from the dense residential fabric and ongoing economic activity characteristic of the greater Chicago metropolitan area. This location provides convenient access to local transit corridors and the diverse commercial landscape that defines this established submarket. The structure is well-positioned to serve the ongoing demand for rental housing in an accessible urban environment. Prospective buyers can leverage the existing footprint to maintain long-term occupancy or explore repositioning strategies consistent with current regional rental trends. Chicago remains a resilient market for apartment ownership, offering a consistent tenant pool and a steady landscape for those focused on multifamily stability. This offering represents a straightforward acquisition for operators interested in the city's residential sector.

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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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