816-822 E Marquette Rd - Apartments FOR SALE


Chicago, IL 60637- South Chicago
$1,300,000 USD
219-465-8584
816-822 E Marquette Rd, Chicago, IL for Sale
$1,300,000 USD
Apartments - FOR SALE
1/32
null | 8.48% Cap Rate

816-822 E Marquette Rd
Chicago, IL 60637
South Chicago


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 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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

12

PRICE/UNIT

$108,333

CAP RATE

8.48%

% 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.