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$ 1,294,500
Est. payment /mo
Active
820 E Marquette Road Chicago, IL 60637
13,728 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 13,728 sqft
Price per Sqft $94
MLS Listing ID 12220005
Year Built 1913
Annual Tax Amount $18,294
Tax Year 2023
Lot Dimensions 50 X 125
Property Sub-Type Multi Family 5+
Property Description
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), 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 8.67 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.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
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Listed by Thomas Hart • 33 Realty