5935 W Patterson Avenue

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5935 W Patterson Avenue

Chicago, IL 60634
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.
  • Property is situated within the 60634 zip code area.
  • Located in the Portage Park neighborhood of Chicago, Illinois.
  • Asset functions as a residential investment opportunity for buyers.
  • Positioned in a mature urban market with transit access.

What's Special

Chicago serves as a critical economic hub for the Midwest, providing a diverse business landscape and significant population density. Within the Portage Park neighborhood, 5935 W Patterson Avenue presents a multifamily apartment building positioned in a residential setting. This asset offers potential for investors seeking to grow their portfolio within a well-established urban environment known for its long-standing infrastructure and connectivity to the wider metropolitan area. Residential demand remains consistent throughout this sector of the city, supporting the viability of apartment holdings. Prospective owners can evaluate the property for its operational potential and contribution to a rental housing strategy. This location provides convenient access to local transit lines and regional thoroughfares, facilitating movement for residents throughout Chicago and the suburban periphery.

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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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