524 W 143rd Street

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524 W 143rd Street

East Chicago, IN 46312
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 East Chicago
  • Located at 524 W 143rd Street in Indiana
  • Regional position offers access to major Chicago metro transit
  • Asset supports the growing demand for local rental housing
  • Well-suited for investors targeting the Lake County residential market

What's Special

East Chicago serves as a critical industrial and residential hub within the Chicago metropolitan area, benefiting from robust regional transportation infrastructure and proximity to major employment centers. This multifamily apartment building, situated at 524 W 143rd Street, provides a stable investment vehicle for those seeking to capitalize on the steady demand for rental housing in the region. The asset fits well within the local residential fabric, offering functional living quarters that appeal to a diverse workforce population employed in the nearby manufacturing and logistics sectors. Investors will find that the property represents a straightforward addition to an existing portfolio or a strong entry point into the Indiana housing market. Given the ongoing need for quality rental options throughout the Lake County submarket, this apartment building remains well-positioned to serve long-term residents. The site's strategic placement allows for convenient access to local transit routes and essential services, ensuring consistent appeal for potential tenants and operational sustainability for property owners over the coming years.

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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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