5040 W Berenice Avenue

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5040 W Berenice Avenue

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 within the 60641 zip code of Illinois.
  • Property situated at 5040 West Berenice Avenue.
  • Asset provides stable potential for long-term residential leasing.
  • Urban location benefits from proximity to established city infrastructure.

What's Special

Investors seeking to expand their residential holdings in Chicago will find this apartment building on West Berenice Avenue a practical addition to an urban portfolio. The multifamily asset is positioned in the 60641 zip code, a densely populated residential corridor known for its steady demand for rental housing. Chicago remains a key hub for diverse employment and consistent population growth, supporting long-term interest in well-located residential properties within the city limits. This building functions effectively as a stable income-generating asset for those focused on the local rental market. Its configuration is well-suited for traditional long-term leasing, offering residents accessible transit options and proximity to neighborhood amenities. The property benefits from the established infrastructure of the area, making it a viable target for value-add repositioning or as a straightforward buy-and-hold acquisition. The asset provides a foundation for predictable returns within a major metropolitan environment, appealing to market participants looking to leverage the enduring strength of the Chicago housing landscape.

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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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