4500 S Wells Street

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4500 S Wells Street

Chicago, IL 60609
Asking Price
$358K
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 sale in Chicago.
  • Property located at 4500 S Wells Street, IL 60609.
  • The acquisition price is set at 357,900 dollars.
  • Located within the established Chicago metropolitan real estate market.
  • Ideal asset for professional residential rental unit management.

What's Special

Investors seeking an entry-level multifamily asset in Chicago will find this apartment building at 4500 S Wells Street a functional addition to a portfolio. The property resides within the 60609 zip code, situated in a neighborhood that benefits from proximity to the city's robust transit infrastructure and the diverse economic landscape of the broader Chicago metropolitan area. This asset type is well-suited for owners looking to manage residential rental units in a dense urban environment with consistent demand for housing. The building offers a clear opportunity for repositioning or maintaining steady cash flow through rental income. Chicago maintains a deep and liquid real estate market supported by major employers, a highly educated workforce, and extensive recreational amenities. This apartment building presents a straightforward acquisition for those active in the local multifamily sector, providing a foundational footprint in a key midwestern market.

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NOI
$80,000
Cap Rate
22.35%
DSCR
3.77
Strong
Cash-on-Cash
54.72%
Monthly Payment
$1,770.694
Annual Cash Flow
$58,751.673

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