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2453 W Marquette Road

Chicago, Illinois 60629


Kevin J. Rocio
312.254.0307

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$525,000


Square Footage
7,200


Property Type
Multiple Family
Neighborhood
Chicago Lawn


Corner brick legal 13-unit apartment building located in the Marquette Park area of Chicago, Illinois. The property features on-site laundry, 2-car garage, huge gated back yard and entrance. Boiler heat along with separate meters for cooking gas and electric. The unit mix of the building consists of eight (8) studio/1-bath units, four (4) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. Many capital improvements have been completed including new rubber roof (2017), 1/3 of the apartments have been updated which included new appliances at the time plus a new rubber roof (2017), updated boiler, hot water heater/tank, porches up to code (2012) and updated electrical panels. 2453 W Marquette provides an investor the opportunity to acquire a stabilized, cash flowing asset. From day one, a new investor will realize a cap rate over 9% as well as a cash-on-cash return over 20%. Those numbers can be improved through further updates, improved leasing and management.



Full Features
Exterior Type: Brick
Basement: Partially Finished
Pool: No
Square Feet: 7,200
Tax Amount: $9,157
Built: 1927
Parking Spaces: 2
Stories: 2
Roof: Rubber
Current Use: Residential-Multi-Family
Zoning: MULTI
Building Square Feet: 7,200
Current Net Income: $47,250
Unit 1: 3 room(s) / 0 bed(s) / 1 bath(s)
Unit 2: 4 room(s) / 1 bed(s) / 1 bath(s)
Unit 3: 5 room(s) / 2 bed(s) / 1 bath(s)


Taxes & Assessments
Taxes: $9,157

Listing information updated today (5/21/2019)


Chicago Lawn

Chicago Lawn is part of the Chicago South Side. Situated just south of Chicago's Loop, Chicago South has experienced rapid development in recent years, particularly in the South Loop neighborhood. Chicago South offers a wide range of housing styles, including…

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Nearby Public Transportation

Metra
Southwest Service

at Wrightwood Metra (1.83 miles away)







2453 W Marquette Road Chicago, Illinois 60629 is a multiple family property, currently listed at $525,000. Want to learn more about 2453 W Marquette Road Chicago, Illinois 60629? Contact an @properties agent to request more info.