4844 W Rice Street

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

4844 W Rice Street

Chicago, IL 60651
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 sale in Chicago.
  • Located on West Rice Street within the 60651 ZIP code.
  • Property sits in a dense residential area of Chicago.
  • Asset provides potential for long-term residential rental operations.
  • Well-positioned to benefit from Chicago's diverse urban rental economy.

What's Special

Investors seeking to expand their residential holdings in Chicago will find this apartment building at 4844 W Rice Street a practical addition to an urban portfolio. Situated within the 60651 ZIP code, the property sits in a dense metropolitan landscape characterized by a consistent demand for rental housing. As an established multifamily asset, this building functions as a stable vehicle for residential leasing in a key submarket of Chicago. Its position offers proximity to the diverse infrastructure and transportation networks that define the city's residential corridors. The local economy is bolstered by a large, multifaceted workforce that sustains steady interest in apartment living across the region. With its strategic placement and residential classification, this asset provides an opportunity for continued operation as a multi-unit rental property. Owners can leverage the existing structure to meet the ongoing requirements of the local tenant base while maintaining a position in the Chicago housing market.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

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

Location & Travel Times