820 E Marquette - 12-Unit Multi-Family Investment Opportunity

$1,300,000

820 E Marquette Rd, Chicago, IL 60637

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 12/27/2024

Details:

Cap Rate: 8.67%

NOI: $112,721.10

Building Size: 15,000 sqft

Lot Area: 0.1409 acres

Units: 12

Year Built: 1912

Floors: 3

Offered by

Gene Hart

Investment Sales & Leasing Broker

33 Realty

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Description:

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.

820 E Marquette