816-822 E Marquette Rd
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816-822 E Marquette Rd
12 Unit Apartment Building $1,300,000 ($108,333/Unit) 8.48% Cap Rate Chicago, IL 60637
Executive Summary
33 Realty is 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.
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.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$144,236
|
$12.72
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $144,236 |
| Annual Per SF | $12.72 |
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $108,333 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 11,343 SF |
| Cap Rate | 8.48% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,300,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| Cap Rate | 8.48% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 11,343 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,365 | 1,100 - 1,150 |
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Walk Score ®
Very Walkable (72)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 20-23-112-028-0000 | Improvements Assessment | $108,128 |
| Land Assessment | $7,573 | Total Assessment | $115,701 |
PROPERTY TAXES
Parcel Number
20-23-112-028-0000
Land Assessment
$7,573
Improvements Assessment
$108,128
Total Assessment
$115,701
zoning
| Zoning Code | RT-4 (Residential) |
| RT-4 (Residential) |
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816-822 E Marquette Rd
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