6413 S Honore Street

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6413 S Honore Street

Chicago, IL 60636
Asking Price
$105K
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 in the 60636 zip code area.
  • Total asking price for the asset is $104,900.
  • Located within the diverse and expansive Chicago metropolitan housing market.
  • Asset type specifically categorized as an apartment building.

What's Special

Investors seeking an entry-level multifamily asset in the Chicago market will find this apartment building on South Honore Street a potential addition to their portfolio. Located within the 60636 zip code, the property serves as a residential building in a dense metropolitan environment characterized by its established infrastructure and consistent demand for rental housing. Chicago remains a central hub for commerce and diverse employment opportunities, supporting a stable long-term outlook for residential investment properties across its various neighborhoods. This specific multifamily asset provides a direct acquisition opportunity at a price point of $104,900. Its scale and configuration are suitable for those looking to manage a smaller residential property within an urban setting. The property layout and regional market dynamics suggest utility as a long-term rental holding for investors focused on value-oriented residential acquisitions in Illinois.

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NOI
$80,000
Cap Rate
76.26%
DSCR
12.85
Strong
Cash-on-Cash
234.42%
Monthly Payment
$518.988
Annual Cash Flow
$73,772.144

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