2423 West Marquette Road
$899,900
23
14
—
—
—
Contingent
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)...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!
- Listed by Maria Ivette Hollendoner • Keller Williams Preferred Realty
- Listed by Frank Lardino • Keller Williams Preferred Realty
Property Details for 2423 West Marquette Road
Area
CHI - Chicago Lawn
TownshipLake
ZoningCOMMR
LISTING UPDATED: 12/12/2024 08:46 AM
Property Details for 2423 West Marquette Road
Status | Contingent |
---|---|
MLS # | 12218305 |
Days on Market | 14 |
Taxes | $13,148 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1929 |
Lot Size | 0.14 AC / 6,250 SF |
County | Cook County |
Building Information for 2423 West Marquette Road
Stories3Residences14Year Built1929Building Size-Lot Size0.14 AC / 6,250 SF
Property Information for 2423 West Marquette Road
Property History for 2423 West Marquette Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2423 West Marquette Road
Taxable ValueLand$4,549Additions$57,767Total$62,316
Tax Record2022$12,817 ($1,068 / month)
Home Facts
Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories3Lot Size5,055 SqFtStyleMulti-Family Res (5+ Units)Year Built1929CountyCOOKAPN19-24-405-001
Schools near 2423 West Marquette Road
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Claremont Academy Elementary School PublicPK to 8 | ||
Gage Park High School Public9 to 12 | ||
Catalyst Maria Charter School CharterK to 12 | ||
Excel Academy - Southwest HS Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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