5515 S Princeton Avenue

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5515 S Princeton Avenue

Chicago, IL 60621
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.
  • Property address sits at 5515 S Princeton Avenue.
  • Established residential area within the 60621 ZIP code.
  • Assets of this type support regional rental demand.
  • Suitable for experienced investors seeking stabilized residential units.

What's Special

Investors seeking to expand their residential holdings in Chicago will find this apartment building at 5515 S Princeton Avenue a practical addition to an urban portfolio. The property serves the multifamily market in the 60621 ZIP code, an area situated within the broader south side of the city. This submarket benefits from proximity to major transportation corridors and a deep-rooted history of residential density, making it a functional choice for long-term rental operations. The asset is well-positioned for owners focused on providing housing options in a mature, established neighborhood. Given the ongoing demand for rental units across the Chicago metro area, this building presents a clear opportunity for property managers and investors aiming to stabilize or grow their presence in a central municipal environment.

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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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