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,