2453 Marquette Road, CHICAGO

$525,000

0 Beds
0 Baths
7,200 Sqft
.2 Acres
0 Garages

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.

Essential Information
MLS® #10379104
Price$525,000
Square Footage7,200
Acres0.20
Year Built1927
TypeCommercial
Sub-TypeMulti Family 5+
StatusActive
Community Information
Address2453 Marquette Road
AreaCHI - Chicago Lawn
CityCHICAGO
CountyCook
StateIL
Zip Code60629
Amenities
Parking Spaces2
Interior
HeatingGas
Has BasementYes
Stories2
Exterior
ExteriorBrick
RoofFlat
ConstructionBrick
FoundationConcrete
Additional Information
ZoningMULTI
Listing Details
Office@properties Commercial
Property History
Status Changed from New to Active
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 2453 Marquette Road, CHICAGO, IL

Photo of Listing #10423044

6601 Troy Street, CHICAGO

$474,999

MLS® # 10423044

Midwest Real Estate Data LLC Logo
Photo of Listing #10399780

2501 Marquette Road, CHICAGO

$625,000 - 9,781 Sf

MLS® # 10399780

Midwest Real Estate Data LLC Logo
Photo of Listing #10399743

2500 Marquette Road, CHICAGO

$575,000 - 10,486 Sf

MLS® # 10399743

Midwest Real Estate Data LLC Logo

Midwest Real Estate Data LLC Logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Magellan Realty LLC are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Listing information last updated on June 25th, 2019 at 10:50pm CDT.

Sign up for email updates