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Listed by Rashauna Scottof Keller Williams ONEChicago
$ 199,000
Est. payment /mo
Active
1836 W Marquette Road Chicago, IL 60636
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12526261
Year Built 1927
Annual Tax Amount $15,185
Tax Year 2022
Lot Size 6,534 Sqft
Lot Dimensions 50X120
Property Sub-Type Multi Family 5+
Property Description
Welcome to this value-add 12-unit investment opportunity in West Englewood! This yellow-brick building features 1 bedroom and 1 bathroom in each unit and will require a full-renovation for experienced investors and developers. This property is ideally suited for a complete rehab to unlock significant upside through repositioning, rent growth, and long-term cash flow. With a full renovation, investors can capitalize on updated interiors, improved mechanicals, and enhanced curb appeal for modernization to meet current market demand to significantly increase rental income and overall asset value. Situated on Marquette Road, the property benefits from strong neighborhood fundamentals, proximity to public transportation, retail corridors, schools, and easy access to major thoroughfares. The area continues to see investor activity driven by affordability and demand for renovated rental housing and is ideal for buy-and-hold or repositioning strategy. This is an excellent opportunity for investors seeking a high-return redevelopment project at a great price in an established Chicago neighborhood!
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
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