2423 W Marquette Road Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60629
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12218305
Year Built 1929
Annual Tax Amount $13,148
Tax Year 2023
Lot Dimensions 50X125
Property Description
Attention Investors! Don't miss this fully occupied, well-maintained 14-unit brick building in the sought-after Marquette Park area. With some rents currently below market, this property offers significant upside potential for increased income. The building underwent an almost copmplete rehab in 2016, including the installation of individual furnaces for each unit. Apartments have been updated on a rolling basis as they became vacant, ensuring they remain in excellent condition. Unit Breakdown: (1) Studio / 1 Bath (5) 1 Bedroom / 1 Bath (6) 2 Bedroom / 1 Bath (2) 3 Bedroom / 1 Bath Additional features include a spacious basement, already equipped with one bathroom, offering the opportunity to add more units and further maximize revenue. Some tenants have leases, while others are on a month-to-month basis, providing flexibility for future plans. The property offers a 2 car garage with potential for more income (currently used as storage by owner) This property is a prime investment opportunity with great rental income potential and room for growth!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick