820 East Marquette, Chicago IL 60637
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 8.48 to 11.10. 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.
Features & Information
Key Details
- List Price $1,300,000
- Property Taxes $18,294
- Price/ Sq. Ft. Unavailable
- Year Built 1913
- Status Active
Building Information
- Age of Building Older
- Exterior Construction Brick
- Heating & Cooling Central Bldg Heat
Location
- County Cook
- Directions to Property 67th To Cottage Grove, North To Marquette Rd, East To Subject Property
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Property Taxes
- Tax 18294
- Parcel Identification Number 20231120280000
Listed by Thomas Hart for 33 Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 12/22/2024 1:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Woodlawn
This south side Chicago neighborhood is home to an idyllic golf course, two yacht clubs and a lovely public beach. Woodlawn's residents enjoy a community conveniently located near recreational parks, the scenic lakefront, and the bustling University of Chicago campus. The area has all types of real estate where folks from all walks of life happily make their home. Affordable detached houses with private yards and their own garage give families enough room to grow, and condominiums are great properties for students, couples and young families just starting out. A number of schools and academies are situated in Woodlawn, giving homeowners plenty of options for their children's education, without straying too far from home.
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