2278 182nd Place

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2278 182nd Place

Lansing, IL 60438
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 Lansing Illinois
  • Asset is situated at the address 2278 182nd Place
  • Property located in the stable Chicago south suburban market
  • Suitable investment for residential portfolios seeking consistent rental demand
  • Convenient access to regional transit and local area infrastructure

What's Special

Lansing serves as a practical suburban market within the greater Chicago metropolitan area, benefiting from established infrastructure and consistent access to regional transit corridors. This multifamily apartment building located at 2278 182nd Place positions an investor within an area characterized by steady residential demand and local connectivity. The property offers a straightforward addition to an existing rental portfolio or a foundation for a new entrant in the South Suburban submarket. Its layout and positioning cater well to the regional tenant base seeking proximity to local employers and commuting routes. Prospective owners can utilize this asset for long-term hold strategies, capitalizing on the reliable nature of residential housing in this stable Illinois municipality. The structure functions as a functional residential holding, suitable for professional property management and long-term capital preservation in a historically well-occupied corridor of the Chicago metro.

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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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