5000 N Ridgeway Avenue

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5000 N Ridgeway Avenue

Chicago, IL 60625
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 located in Chicago, Illinois
  • Situated at the address of 5000 N Ridgeway Avenue
  • Asset is currently available for purchase in North Park
  • Property is positioned within a dense residential urban market
  • Suitable for investors targeting established Chicago rental properties

What's Special

This multifamily apartment building at 5000 N Ridgeway Avenue presents a residential investment asset within the North Park neighborhood of Chicago. The property sits in a densely populated urban environment characterized by traditional brick architecture and consistent demand for rental housing options. Its location provides residents with access to established transit corridors and local neighborhood amenities that define this section of the city. Given the layout and configuration common to this area, the asset is suitable for investors seeking to maintain long-term residential holdings or professional property managers looking to expand their portfolio within the Chicago market. The surrounding infrastructure supports stable occupancy patterns typically seen in these residential corridors. Prospective buyers can leverage the connectivity provided by the local transit network to attract a broad base of tenants who prioritize proximity to city services and public transportation hubs while maintaining a neighborhood residential lifestyle.

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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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