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 - 90K), 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 9.25 to 13.19 based on 1800 per month market rent (stabilized/market rent reflected in financials). 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.
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For more information about 820 E Marquette, Chicago, IL 60637 contact Corcoran Urban Real Estate.
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