2423 W Marquette Rd

Chicago, IL 60629

$899,900
Last Sold Price
23
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 1/9/25
Closed 1/9/25
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a living room with furniture and a flat screen tv
a bedroom with a bed and wooden floor
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a bedroom with a bed and a flat screen tv
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Description

Attention Investors! Don't miss this fully occupied, well-maintained 14-unit brick building in the sought-after Marquette Park area. With some rents currently below market, this property offers significant upside potential for increased income. The building underwent an almost copmplete rehab in 2016, including the installation of individual furnaces for each unit. Apartments have been updated on a rolling basis as they became vacant, ensuring they remain in excellent condition. Unit Breakdown: (1)...Attention Investors! Don't miss this fully occupied, well-maintained 14-unit brick building in the sought-after Marquette Park area. With some rents currently below market, this property offers significant upside potential for increased income. The building underwent an almost copmplete rehab in 2016, including the installation of individual furnaces for each unit. Apartments have been updated on a rolling basis as they became vacant, ensuring they remain in excellent condition. Unit Breakdown: (1) Studio / 1 Bath (5) 1 Bedroom / 1 Bath (6) 2 Bedroom / 1 Bath (2) 3 Bedroom / 1 Bath Additional features include a spacious basement, already equipped with one bathroom, offering the opportunity to add more units and further maximize revenue. Some tenants have leases, while others are on a month-to-month basis, providing flexibility for future plans. The property offers a 2 car garage with potential for more income (currently used as storage by owner) This property is a prime investment opportunity with great rental income potential and room for growth!
  1. Listed by Maria Ivette Hollendoner • Keller Williams Preferred Realty
    P: (630)-446-0401 C: (312)-505-9611 ihollendoner@gmail.com
  2. Listed by Frank Lardino • Keller Williams Preferred Realty
    P: (630)-774-0647 C: (630)-774-0647 franklardino@yahoo.com;velocitysells@gmail.com

Sold By Pro 1 Realty R & C Corp.

Property Details for 2423 West Marquette Road

Area
CHI - Chicago Lawn
Township
Lake
Air Conditioning Type
Window Unit(s)
Zoning
COMMR
LISTING CLOSED: 01/09/2025 12:00 AM

Property Details for 2423 West Marquette Road

StatusClosed
MLS #12218305
Days on Market13
Taxes$13,148 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1929
Lot Size0.14 AC / 6,250 SF
CountyCook County
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Location

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Building Information for 2423 West Marquette Road

Stories3Residences14Year Built1929Building Size-Lot Size0.14 AC / 6,250 SF

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$5,670 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,574

Property Taxes

$1,096

HOA Dues

$0

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Property Information for 2423 West Marquette Road

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces,Detached
Location and General Information
  • Frontage Type: City Street
  • Information: Show-Special Instructions,No Sign on Property,Othr-Call List Agent
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Basement Description: Unfinished
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 14.0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 50X125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 57
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Electric Expense: $2,000.00
  • Fuel Expense: $2,900.00
  • Gross Income: $140,880.00
  • Gross Scheduled Income: $140,880.00
  • Insurance Expense: $6,400.00
  • Maintenance Expense: $20,000.00
  • Expense Year: 2024
  • Janitor Expense: 0
  • Total Monthly Income: 11740
  • Net Operating Income: $80,960.00
  • Operating Expense: $59,920.00
  • Other Expense: $.00
  • Trash Expense: $4,000.00
  • Water Sewer Expense: $11,230.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 5
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 6
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 2423 West Marquette Road

DateEvent & SourcePriceAppreciation
Jan 9, 2025

Sold

MRED #12218305

$899,900—
Dec 23, 2024

Sold (Public Record)

Public Record #1548512406

$900,000

+1.5% / yr

Dec 11, 2024

Pending

MRED #12218305

—
DateEvent & SourcePrice
01/09/2025

Sold

MRED #12218305

$899,900
12/23/2024

Sold (Public Record)

Public Record #1548512406

$900,000

+1.5% / yr

12/11/2024

Pending

MRED #12218305

—

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

Public Records for 2423 West Marquette Road

Taxable ValueLand$7,583Additions$73,218Total$80,801
Tax Record2023$13,148 ($1,096 / month)
Home Facts
Total Finished SqFt10,530 SqFtAbove Grade Finished SqFt10,530 SqFtStories3Lot Size5,055 SqFtStyleMulti-Family Dwelling (2-4)Year Built1928Year Renovated1929ZoningB3-2CountyCOOKAPN19-24-405-001-0000

Schools near 2423 West Marquette Road

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Marquette Elementary School
Public - PK to 8
Claremont Academy Elementary School
Public - PK to 8
Gage Park High School
Public - 9 to 12
Catalyst Maria Charter School
Charter - K to 12
Rating
School
Distance
Marquette Elementary School
PublicPK to 8

Claremont Academy Elementary School
PublicPK to 8

Gage Park High School
Public9 to 12

Catalyst Maria Charter School
CharterK to 12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
2419 West Marquette Road, Chicago, IL 60629
$195,700
8
–
4,500
2417 West Marquette Road, Chicago, IL 60629
$35,000
–
–
–
4,500
2415 West Marquette Road, Chicago, IL 60629
–
–
–
1,100
4,500
2433 West Marquette Road, Chicago, IL 60629
–
–
–
–
8,506
6717 South Artesian Avenue, Chicago, IL 60629
$25,000
6
–
16,120

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Preferred 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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/10/2025 09:38 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.