Sold
Last Sold Price
23 beds
2423 W Marquette Rd, Chicago, IL 60629
Multi FamilyProperty Type
0.14 acresLot Size
1929Year Built

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!

    Sold By Pro 1 Realty R & C Corp.

    • Listed by: Maria Ivette Hollendoner 630.446.0401 ihollendoner@gmail.com • Keller Williams Preferred Realty
    • Listed by: Frank Lardino 630.774.0647 franklardino@yahoo.com;velocitysells@gmail.com • Keller Williams Preferred Realty
    Listing closed: 01/09/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12218305

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $5,746 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $4,650

    Property Taxes

    $1,096

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 2423 West Marquette Road

    Property Details
    • Taxes: $13,148 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: CHI - Chicago Lawn
    • Township: Lake
    • Air Conditioning Type: Window Unit(s)
    • Zoning: COMMR
    Building Information
    • Stories: 3
    • Residences: 14
    • Year Built: 1929
    • Lot Size: 0.14 AC / 6,250 SF
    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 Record2024$16,234 ($1,353 / 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
    Public - PK to 8
    Public - PK to 8
    Public - 9 to 12
    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.

    Neighborhood Map and Transit

    Similar Homes

    New listings in 60629

    $167,000 | 5833 South Kildare Avenue, Chicago, IL 60629
    1/10
    New

    $167,000

    2
    Bedrooms
    758
    Square Feet
    0.09
    Acres
    $399,900 | 7259 South Fairfield Avenue, Chicago, IL 60629
    1/34
    Open: 9/19 12:00PM - 02:00PMNew

    $399,900

    4
    Bedrooms
    1,603
    Square Feet
    0.08
    Acres
    $249,900 | 7319 South Talman Avenue, Chicago, IL 60629
    1/23
    New

    $249,900

    2
    Bedrooms
    960
    Square Feet
    0.11
    Acres
    $399,999 | 3507 West 60th Place, Chicago, IL 60629
    1/43
    New

    $399,999

    4
    Bedrooms
    2,000
    Square Feet
    0.07
    Acres
    $459,500 | 6510 South Kedvale Avenue, Chicago, IL 60629
    1/27
    New

    $459,500

    4
    Bedrooms
    2,677
    Square Feet
    0.09
    Acres
    $459,000 | 6323 South Richmond Street, Chicago, IL 60629
    1/28

    $459,000

    6
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    $150,000 | 6240 South Francisco Avenue, Chicago, IL 60629
    1/18
    New

    $150,000

    4
    Bedrooms
    1,125
    Square Feet
    0.09
    Acres
    $220,000 | 6435 South Artesian Avenue, Chicago, IL 60629
    1/25
    Open: 9/19 11:00AM - 01:00PM

    $220,000

    3
    Bedrooms
    972
    Square Feet
    0.09
    Acres
    $279,000 | 6639 South Knox Avenue, Chicago, IL 60629
    1/13
    New

    $279,000

    3
    Bedrooms
    1,122
    Square Feet
    0.10
    Acres

    Nearby home values

    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.