3748 S Parnell Avenue

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3748 S Parnell Avenue

Chicago, IL 60609
Asking Price
$459K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily property is listed at $459,000 for immediate sale.
  • Located at 3748 S Parnell Avenue within the Chicago metro area.
  • The asset functions as an apartment building for residential investment.
  • Bridgeport offers a dense urban location with established rental demand.
  • The site sits at coordinates 41.8257 latitude and -87.6402 longitude.

What's Special

Priced at $459,000, this multifamily apartment building located at 3748 S Parnell Avenue in Chicago presents a straightforward investment prospect within the city's robust housing market. Situated in a dense urban environment with consistent demand for rental units, the property fits well into a portfolio focused on residential stabilization. The Bridgeport neighborhood serves as a stable residential core, benefitting from proximity to transit corridors and established community infrastructure that supports long-term occupancy rates. Investors often seek these types of assets to capitalize on the steady rental income characteristic of Chicago's diverse neighborhoods. Whether managed as a hands-on investment or held for potential value-add strategies, the building provides a fundamental entry point into the local apartment market. Buyers interested in expanding their multifamily holdings in an accessible part of the city should evaluate this asset for its core positioning and potential to serve local housing needs effectively.

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NOI
$80,000
Cap Rate
17.43%
DSCR
2.94
Strong
Cash-on-Cash
38.31%
Monthly Payment
$2,270.882
Annual Cash Flow
$52,749.421

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