816-822 E Marquette Rd - Apartments FOR SALE


Chicago, IL 60637- Woodlawn
$1,295,000 USD
219-465-8584
816-822 E Marquette Rd, Chicago, IL for Sale
$1,295,000 USD
Apartments - FOR SALE
1/32
null | 13.24% Cap Rate

816-822 E Marquette Rd
Chicago, IL 60637
Woodlawn


OVERVIEW

33 Realty is 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 hot water (2020), roof (2021 - tear off), 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 8.67% to 13.19%. 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. Take long-term advantage of the high interest rate blip in the market,

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

12

PRICE/UNIT

$107,917

CAP RATE

13.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RT-4

APN/PARCEL ID

20-23-112-028-0000

ASK ABOUT THIS PROPERTY

Gene Hart33 RealtyMore Info
219-465-8584

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Gene Hart33 RealtyMore Info
219-465-8584

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.