6044 N Mozart Str

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6044 N Mozart Str

Chicago, IL 60659
Asking Price
$998K
Asset Type
Multifamily
Class
Class B

What's Special

6044 N Mozart Street is located in the West Ridge neighborhood on Chicago’s North Side. The area is characterized by a mix of residential blocks and established local businesses, offering a quiet urban atmosphere. Residents have proximity to various amenities along Western and Peterson Avenues, including grocery stores, pharmacies, and diverse dining options. Mather Park and Warren Park are within walking distance, providing essential green space and recreational facilities. The property is served by several CTA bus routes, facilitating connections to the Brown and Red Line trains for commutes to the Loop and surrounding northern suburbs. This multifamily asset is well-suited for a long-term hold or a value-add investment strategy. The location historically attracts a stable tenant profile consisting of working professionals, small families, and students seeking a residential environment away from the city core. The proximity to North Park University and Northeastern Illinois University makes it a viable option for faculty and student housing. Given the neighborhood’s residential density and historical occupancy rates, the property is positioned to serve a consistent local demand for mid-range rental housing within a well-connected Chicago community.

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NOI
$80,000
Cap Rate
8.02%
DSCR
1.35
Strong
Cash-on-Cash
6.93%
Monthly Payment
$4,937.559
Annual Cash Flow
$20,749.286

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