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