4543 S Drake Avenue

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4543 S Drake Avenue

Chicago, IL 60632
Asking Price
$497K
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 4543 S Drake Avenue in IL.
  • The asking price for this residential asset is $497,000.
  • Located in an established neighborhood within the Chicago metro area.
  • Building type is classified as a residential apartment complex.

What's Special

Investors seeking an income-generating asset in Chicago will find this multifamily apartment building at 4543 S Drake Avenue available for purchase. Positioned within the Brighton Park neighborhood, the property benefits from the dense residential character and established infrastructure of the southwest side of the city. This location provides access to major thoroughfares and transit options that serve the broader metropolitan area, supporting consistent tenant demand for apartment living. The asset presents a straightforward addition to a rental portfolio, suitable for buyers focused on stabilizing residential units in a market known for its long-term rental stability. Given the urban environment, the building is well-situated to attract local residents looking for convenient housing near neighborhood services and employment hubs. Prospective buyers are encouraged to evaluate the site as a functional multifamily investment within the city limits, leveraging the property's size and layout to meet current residential market requirements.

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NOI
$80,000
Cap Rate
16.10%
DSCR
2.71
Strong
Cash-on-Cash
33.87%
Monthly Payment
$2,458.885
Annual Cash Flow
$50,493.382

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