4015 W Potomac Avenue

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4015 W Potomac Avenue

Chicago, IL 60651
Asking Price
$470K
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
  • Property is located at 4015 W Potomac Avenue
  • Asking price for the residential asset is 470000 dollars
  • Asset type categorized as a multifamily apartment building
  • Investment potential within a dense urban residential market

What's Special

This multifamily apartment building at 4015 W Potomac Avenue in Chicago is currently available for purchase, presenting a functional acquisition for real estate investors focused on residential assets. The property is situated within a established urban neighborhood, benefiting from the city’s dense population and consistent demand for rental housing across the greater metropolitan area. With its practical layout and standard apartment configuration, the building serves as a viable addition to a residential investment portfolio. Investors can leverage the transit-oriented nature of Chicago to attract long-term tenants seeking proximity to the broader city infrastructure. Whether managed for steady cash flow or incorporated into a larger regional strategy, the property fits a variety of ownership objectives within the multifamily sector. Its location in this specific district aligns with the needs of diverse tenant demographics searching for accessible housing options in a major Midwestern market.

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NOI
$80,000
Cap Rate
17.02%
DSCR
2.87
Strong
Cash-on-Cash
36.95%
Monthly Payment
$2,325.304
Annual Cash Flow
$52,096.357

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