636 W 62ND Street

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636 W 62ND Street

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 available for purchase in Chicago
  • Located at 636 W 62nd Street in the 60621 zip code
  • Functional residential asset suitable for a value-add investment strategy
  • Positioned within a dense urban market area of Chicago
  • Property offers potential for long-term rental income generation

What's Special

Investors seeking value-add multifamily holdings in Chicago should evaluate the apartment building located at 636 W 62nd Street. Situated within the Englewood neighborhood, this asset provides an entry point into a densely populated urban environment that continues to see shifting market dynamics. The property serves as a functional residential building suited for long-term rental income strategies, capitalizing on the ongoing demand for housing options in this sector of the city. Proximity to local transit corridors and key infrastructure allows for efficient connectivity across the broader Chicago metropolitan area, making it a viable consideration for portfolios focused on multi-unit residential growth. With steady interest in local apartment inventory, this site offers potential for disciplined management strategies in a stable core market.

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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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