4217 W Grace Street

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4217 W Grace Street

Chicago, IL 60641
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
  • Located at 4217 W Grace Street in the 60641 area
  • Asset positioned within a dense and established urban submarket
  • Residential property suitable for institutional or private investment portfolios
  • Strategic location within one of the Midwest's primary economic hubs

What's Special

Chicago stands as a major economic hub in the Midwest, offering a deep talent pool and extensive infrastructure that supports diverse commercial activity. Situated within the 60641 zip code, this multifamily apartment building benefits from its position in a dense urban environment known for consistent rental demand and steady demographic growth. Investors seeking stable residential inventory will find this property well-integrated into the local fabric of the city. Residential assets in this submarket often cater to long-term tenants who value proximity to regional transit lines and employment centers. The scale of this apartment building allows for flexible management strategies, whether for a hands-on owner or a portfolio-focused investor looking to expand their presence in the Chicago market. This property serves as a functional addition to any investment strategy focused on the multifamily 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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