820 East Marquette Road

Chicago, IL 60637

$1,300,000
Price
24
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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), 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,...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), 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 8.48 to 11.10. 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.
  1. Listed by Thomas Hart • 33 Realty

Property Details for 820 East Marquette Road

Area
CHI - Woodlawn
Zoning
MULTI
LISTING UPDATED: 12/11/2024 12:06 AM

Property Details for 820 East Marquette Road

StatusActive
MLS #12220005
Days on Market14
Taxes$18,294 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1913
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 820 East Marquette Road

Stories4Residences12Year Built1913Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 820 East Marquette Road

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50 X 125
  • Lot Size Square Feet: 6250.0
  • Stories: 4
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Building Area Total: 13728
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-12-03T09:23:23
  • Photos Count: 48
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $816.00
  • Fuel Expense: $11,520.00
  • Gross Income: $191,340.00
  • Gross Scheduled Income: $191,340.00
  • Insurance Expense: $4,200.00
  • Maintenance Expense: $7,200.00
  • Manager Expense: $9,089.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 2160
  • Manager Expense Source: BP
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 15945
  • Water Expense Source: Broker Projection
  • Net Operating Income: $110,284.00
  • Operating Expense: $71,489.00
  • Other Expense: $.00
  • Trash Expense: $2,160.00
  • Water Sewer Expense: $8,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 12
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 820 East Marquette Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 820 East Marquette Road

Taxable ValueLand$5,452Additions$80,947Total$86,399
Tax Record2022$17,771 ($1,481 / month)
Home Facts
Stories3Lot Size6,058 SqFtStyleMulti-Family Res (5+ Units)Year Built1913CountyCOOKAPN20-23-112-028

Schools near 820 East Marquette Road

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 6 to 12
Public - PK to 6
Rating
School
Distance
Till Elementary Math & Science Academy
PublicPK to 8

Hyde Park Academy High School
Public9 to 12

Univ of Chicago Chtr-Woodlawn
Charter6 to 12

Woodlawn Elementary Community School
PublicPK to 6

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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820 East Marquette Road is a multi-family home for sale in Chicago, IL 60637. This property was listed for sale on December 5, 2024 by 33 Realty, it's currently listed at $1,300,000. It has been on the market for a total of 14 days and was last sold on October 31, 2016. This listing's school district is Chicago Public Schools. Nearby schools include Till Elementary Math & Science Academy, Hyde Park Academy High School and Univ of Chicago Chtr-Woodlawn. 820 East Marquette Road is a 24-bed, 12-bath, multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 33 Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/11/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.