1425 10th Street

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1425 10th Street

Waukegan, IL 60085
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).

  • Five-unit multifamily residential building located in Waukegan, Illinois.
  • Property situated at 1425 10th Street in the 60085 zip code.
  • Investment asset suitable for those seeking a multi-unit rental portfolio.
  • Strategically positioned within the growing Lake County suburban real estate market.
  • Multifamily building offering potential for consistent residential rental income streams.

What's Special

This 5-unit apartment building at 1425 10th Street in Waukegan, Illinois, presents an established multifamily investment asset in a growing suburban market within the Chicago metropolitan area. The property is situated in a region known for its access to regional transit networks and proximity to the Lake Michigan shoreline. As a multi-unit residential holding, this asset is well-positioned for investors looking to expand their footprint in a location that serves local demand for housing. The building configuration provides multiple income streams, making it a viable addition to a residential rental portfolio. Waukegan maintains a stable local economy supported by its history as an industrial and logistics hub in Lake County. The property sits within reach of major employers and transportation corridors that connect the city to the broader northern suburbs and downtown Chicago. This building represents a straightforward opportunity for those focused on the multifamily sector.

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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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