224 Jefferson Avenue

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224 Jefferson Avenue

Elgin, IL 60120
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).

  • The asset is a 15-unit multifamily apartment building
  • Located at 224 Jefferson Avenue in Elgin, Illinois
  • Positioned within the established 60120 zip code area
  • Available for purchase by prospective commercial real estate investors
  • The property features a total of 15 residential units

What's Special

This 15-unit multifamily apartment building at 224 Jefferson Avenue in Elgin, Illinois, presents a strategic acquisition for investors focused on the Chicago metropolitan area. Elgin maintains a diverse economic base and consistent rental demand, serving as a significant residential hub in the Fox River Valley. The property is well-positioned for an owner seeking to manage a stable residential asset in a growing suburban market. Apartment buildings of this scale in the 60120 zip code often appeal to long-term holders aiming to optimize occupancy in a established community. The location provides connectivity to regional transportation routes and major employment corridors, supporting a reliable tenant pool. Investors can leverage the existing density of this asset type to capitalize on consistent cash flow cycles common in this sector of the regional 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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