Chicago Lawn 12-Unit
$249,999
1836 W Marquette Rd, Chicago, IL 60636
9,078 sqft
Building Size
0.1596 acres
Lot Area
Details:
Highlights:
- Projected Sec. 8 Voucher Rents Between $1,350-$1,650
- Value-add Opportunity
- 12 Units
- Garage Parking
- Large Corner Brick Building
Description:
Prime value-add investment opportunity in this brick three-story walk-up that has been completely gutted and is ready for a full-scale renovation, giving new ownership the flexibility to reconfigure floor plans and deliver modern, efficient units that meet today’s renter demand. Priced attractively at just $20,830 per unit.
Situated on a prominent corner lot, the building is ideally positioned to capture strong rental demand in the area, with estimated Section 8 voucher rents for 1-bedroom units ranging from $1,350 to $1,650 per month. Planned renovations will include a new roof, plumbing, electric, and all other major systems, providing peace of mind and minimizing future capital expenditures. With ample room to add value and maximize cash flow, this is a rare chance to acquire a solid brick building at a compelling basis and achieve exceptional returns.
1836 W Marquette is situated at the corner of Marquette Road and Hoyne Avenue in Chicago’s vibrant Chicago Lawn/West Englewood neighborhood. This well-positioned multifamily property benefits from a strong residential community with a blend of longstanding residents and new investment activity driving continued neighborhood growth.
Residents enjoy excellent convenience with shopping, restaurants, and grocery stores all within easy reach, offering day-to-day essentials and dining options close to home. The property is just one block away from William Rainey Harper High School, providing added appeal for families and tenants with school-aged children. With its accessible location and neighborhood amenities, 1836 W Marquette offers a compelling opportunity for residents seeking community connectivity and urban convenience.
Documents:
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1836_W_Marquette_Rd___Sale_OM.pdf |
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