5318 S Kenneth Avenue

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5318 S Kenneth Avenue

Chicago, IL 60632
Asking Price
$715K
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 IL
  • Asset is located at the address 5318 S Kenneth Avenue
  • Property is offered at an asking price of 715000 dollars
  • Located within the established and dense Chicago residential real estate market
  • Suitable for investors looking to expand their residential rental portfolio

What's Special

This multifamily apartment building at 5318 S Kenneth Avenue in Chicago is currently available for purchase, presenting a functional acquisition for investors seeking residential assets in the local market. The property is positioned within a well-established urban landscape, benefiting from the robust economic foundation and diverse housing demand characteristic of Chicago’s residential submarkets. With its traditional apartment building configuration, the asset serves as a straightforward addition to an existing rental portfolio or a entry point for a private investor focused on long-term capital preservation in Illinois. The site location provides accessibility to key regional thoroughfares and public transportation networks that define this dense metropolitan area. Given the sustained demand for quality rental housing throughout Chicago, this building offers potential for stabilized occupancy and consistent performance. Prospective buyers will find a property structure that aligns with standard multifamily investment strategies, suitable for continued residential leasing operations in a highly active and mature real estate environment.

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NOI
$80,000
Cap Rate
11.19%
DSCR
1.88
Strong
Cash-on-Cash
17.51%
Monthly Payment
$3,537.43
Annual Cash Flow
$37,550.841

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