1836 W Marquette Rd - Apartments FOR SALE


Chicago, IL 60636- West Englewood
$249,999 USD
630-640-1001
1836 W Marquette Rd, Chicago, IL for Sale
$249,999 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

1836 W Marquette Rd
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • Projected Sec. 8 Voucher Rents Between $1,350-$1,650
  • Value-add Opportunity
  • 12 Units
  • Garage Parking
  • Large Corner Brick Building

OVERVIEW

Prime value-add investment opportunity in this brick three-story walk-up that has been completely gutted and is ready for a full-scale renovation, giving new ownership the flexibility to reconfigure floor plans and deliver modern, efficient units that meet today’s renter demand. Priced attractively at just $20,830 per unit. Situated on a prominent corner lot, the building is ideally positioned to capture strong rental demand in the area, with estimated Section 8 voucher rents for 1-bedroom units ranging from $1,350 to $1,650 per month. Planned renovations will include a new roof, plumbing, electric, and all other major systems, providing peace of mind and minimizing future capital expenditures. With ample room to add value and maximize cash flow, this is a rare chance to acquire a solid brick building at a compelling basis and achieve exceptional returns.

FOR SALE DETAILS

PRICE

$249,999 USD

PRICE/SF

$36 USD /SF

# OF UNITS

12

PRICE/UNIT

$20,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,950 SF

ZONING

RS-3

APN/PARCEL ID

20-19-226-037-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.