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$ 1,294,500
Est. payment | /mo
13,728 SqFt
$ 1,294,500
Est. payment | /mo
13,728 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 13,728 sqft
Price per Sqft $94
MLS Listing ID 12220005
Maintenance Fees $7,200
Year Built 1913
Annual Tax Amount $18,294
Tax Year 2023
Lot Dimensions 50 X 125
Property Sub-Type Multi Family 5+
Property Description
We are 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 - 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 9.25 to 13.19 based on 1800 per month market rent (stabilized/market rent reflected in financials). 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. Please request offering memorandum for full investment information.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 4
Structure Type Brick
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Listed by Thomas Hart • 33 Realty
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Sarah Leonard
Broker | Owner