8328 S Baker Avenue

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8328 S Baker Avenue

Chicago, IL 60617
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 located on S Baker Avenue in 60617.
  • The building is situated within the Chicago metropolitan area.
  • Asset supports residential leasing strategies for diverse tenant bases.
  • Strategic location within an established residential neighborhood in Illinois.

What's Special

This multifamily apartment building at 8328 S Baker Avenue in Chicago represents a functional asset for investors looking to expand their residential portfolio. Situated in the 60617 ZIP code, the property benefits from its position within a major Midwestern metropolitan hub known for its resilient rental market and diverse tenant demand. Chicago remains a key economic center with a wide range of industries supporting a steady population base. Investors may find this building suitable for long-term hold strategies or repositioning efforts within the South Side submarket. The asset provides a foundation for residential operations in an established neighborhood. With access to the city's extensive infrastructure and transportation networks, the location offers connectivity to broader employment centers throughout the region. Prospective buyers should evaluate the site's potential for ongoing rental operations and capital improvements to align with local housing requirements.

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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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