$1,294,495
820 E Marquette Road
Chicago, IL, 60637
We are pleased to present for sale 816-822 E Marquette Road, a 12-Unit multi-family investment opportunity. The property features substantial recent upgrades such as boiler (2020), hot water (2020), roof (2021), lintels and masonry (2024 – 90K), porch repairs (2024), new exterior emergency lighting (2024). The building’s units are spacious and feature split bedrooms, front porch, back porch, and boiler heat. A new investor benefits from the opportunity to bring rents to market with interior cosmetic improvements, increasing the in-place cap rate from 9.25 to 13.19 based on 1800 per month market rent (stabilized/market rent reflected in financials). Given its location in central Woodlawn, this is an extremely attractive multi-family investment opportunity with significant long-term opportunity for value and rental appreciation. Please request offering memorandum for full investment information.
Property Details
Price:
$1,294,495
MLS #:
MRD12220005
Status:
Active
Beds:
0
Baths:
0
Address:
820 E Marquette Road
Type:
Commercial
Neighborhood:
CHI – Woodlawn
City:
Chicago
Listed Date:
Dec 5, 2024
State:
IL
Finished Sq Ft:
13,728
Total Sq Ft:
13,728
ZIP:
60637
Year Built:
1913
Schools
Interior
Exterior
Construction Materials
Brick
Financial
Maintenance Fee
$7,200
Tax Year
2023
Taxes
$18,294
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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820 E Marquette Road
Chicago, IL
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