7614 S Harvard Avenue

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7614 S Harvard Avenue

Chicago, IL 60620
Asking Price
$259K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 7614 S Harvard Avenue
  • Priced at an asking amount of $259,000 for sale
  • Property situated within the 60620 ZIP code of Chicago
  • Asset offers potential for long-term investment or value-add strategies
  • Chicago provides a stable environment for rental housing demand

What's Special

Investors seeking an entry-level multifamily asset in Chicago will find this apartment building on South Harvard Avenue a practical addition to a residential portfolio. Situated in the 60620 ZIP code, the property benefits from its position within a stable metropolitan submarket, offering consistent tenant demand characteristic of the city's robust rental landscape. The asset is well-suited for long-term hold strategies or value-add repositioning efforts aimed at enhancing operational efficiency. Its proximity to essential transportation networks and neighborhood services underscores the functional appeal of this location for residents looking for accessible urban housing. With the property listed at $259,000, it presents a straightforward acquisition for those active in the Chicago housing market.

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NOI
$80,000
Cap Rate
30.89%
DSCR
5.20
Strong
Cash-on-Cash
83.17%
Monthly Payment
$1,281.391
Annual Cash Flow
$64,623.312

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