Sold
Last Sold Price
6 beds
2453 W Marquette Rd, Chicago, IL 60629
Multi FamilyProperty Type
0.21 acresLot Size
1927Year Built
2 carsParking Spaces

Description

Under new management, improved financials & a $50k price reduction! Corner brick legal 13-unit apartment building located in the Chicago Lawn area of Chicago, Illinois. The property features on-site laundry, 2-car garage, huge gated back yard and entrance. Boiler heat along with separate meters for cooking gas and electric. The unit mix of the building consists of eight (8) studio/1-bath units, four (4) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. Many capital improvements have been...Under new management, improved financials & a $50k price reduction! Corner brick legal 13-unit apartment building located in the Chicago Lawn area of Chicago, Illinois. The property features on-site laundry, 2-car garage, huge gated back yard and entrance. Boiler heat along with separate meters for cooking gas and electric. The unit mix of the building consists of eight (8) studio/1-bath units, four (4) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. Many capital improvements have been completed including new rubber roof (2017), 1/3 of the apartments have been updated which included new appliances at the time plus a new rubber roof (2017), updated boiler, hot water heater/tank, porches up to code (2012) and updated electrical panels. New management is currently releasing building so easy to show with 24 hours notice. Please note: 8 units have been updated and rented. 5 still are in the process of being updated. Financials Reflect a fully updated and rented building (ProForma)

    Sold By Atlas Asset Management Realty LLC

    • Listed by: Matthew Neistat 847.714.2913 Matt@ckorealestate.com;matt@theneistatgroup.com • @properties Christie's International Real Estate
    Listing closed: 10/16/2019 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10379104

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $2,863 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $2,041

    Property Taxes

    $822

    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 2453 West Marquette Road

    Property Details
    • Taxes: $9,859 / year
    • MLS Type: Multi Family 5+ / Multi Family 5+-Other
    • County: Cook County
    • Area: CHI - Chicago Lawn
    • Township: Lake
    • Zoning: MULTI
    Building Information
    • Stories: 2
    • Residences: 13
    • Year Built: 1927
    • Lot Size: 0.21 AC / 9,000 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces
    Location and General Information
    • Information: 24-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • # Of Washers: 2
    • Basement Description: Partially Finished
    • Heat/Ventilation: Gas
    • # Of Refrigerators: 13
    • Washer/Dryer Lsd: No
    • Misc Inside: Common Lunchroom/s
    • # Of Dryers: 2
    • Num of Baths: 13.0
    Exterior Features
    • Misc Outside: Courtyard
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Other
    • Lot Dimensions: 60X150
    • Lot Size Square Feet: 9000.0
    • Stories: 2
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Type: Rubber
    • Roof Structure: Flat
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 7200
    • # Of Ranges: 13
    Property and Assessments
    • Buyer Financing: Conventional
    • Public Document Count: 0
    • Photos Count: 14
    Miscellaneous
    • Current Use: Multi-Family
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 13
    Income & Expenses
    • Electric Expense: $556.00
    • Fuel Expense: $13,123.00
    • Gross Income: $9,800.00
    • Gross Scheduled Income: $111,015.00
    • Insurance Expense: $6,340.00
    • Maintenance Expense: $5,850.00
    • Manager Expense: $8,652.00
    • Electric Expense Source: Broker Projection
    • Expense Year: 2018
    • Total Annual Expense Source: Broker Projection
    • Fuel Expense Source: Broker Projection
    • Insurance Expense Source: Broker Projection
    • Janitor Expense: 1950
    • Manager Expense Source: BP
    • Net Operating Income Year: 2018
    • Other Expense Source: Broker Projection
    • Repairs-Decor Expense Source: Broker Projection
    • Trash Expense Source: Broker Projection
    • Total Monthly Income: 10279
    • Water Expense Source: Broker Projection
    • Net Operating Income: $46,734.00
    • Operating Expense: $64,281.00
    • Other Expense: $6,737.00
    • Trash Expense: $1,256.00
    • Water Sewer Expense: $9,958.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 8
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 4
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 1
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    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 2453 West Marquette Road

    DateEvent & SourcePriceAppreciation
    Oct 16, 2019

    Sold

    MRED #10379104

    $395,000
    Aug 7, 2019

    Pending

    MRED #10379104

    May 14, 2019

    Listed (Active)

    MRED #10379104

    $525,000
    DateEvent & SourcePrice
    10/16/2019

    Sold

    MRED #10379104

    $395,000
    08/07/2019

    Pending

    MRED #10379104

    05/14/2019

    Listed (Active)

    MRED #10379104

    $525,000

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

    Public Records for 2453 West Marquette Road

    Taxable ValueLand$5,850Additions$34,385Total$40,235
    Tax Record2024$8,083 ($674 / month)
    Home Facts
    Total Finished SqFt9,140 SqFtAbove Grade Finished SqFt9,140 SqFtStories2Lot Size9,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1926Year Renovated1927ZoningRS-3CountyCOOKAPN19-24-404-001-0000

    Schools near 2453 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

    $699,900 | 5550 South Pulaski Road, Chicago, IL 60629
    1/37
    New

    $699,900

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.14
    Acres
    $150,000 | 5700 South Maplewood Avenue, Chicago, IL 60629
    1/30
    Open: 9/19 12:00PM - 02:00PM

    $150,000

    5
    Bedrooms
    1,578
    Square Feet
    0.08
    Acres
    $325,000 | 3425 West 63rd Place, Chicago, IL 60629
    1/20
    Listed By Century 21

    $325,000

    4
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    $327,500 | 3820 West 57th Place, Chicago, IL 60629
    1/56
    New

    $327,500

    3
    Bedrooms
    1,166
    Square Feet
    0.09
    Acres
    $314,900 | 4134 West 58th Street, Chicago, IL 60629
    1/22
    New

    $314,900

    4
    Bedrooms
    1,261
    Square Feet
    0.09
    Acres
    $167,000 | 5833 South Kildare Avenue, Chicago, IL 60629
    1/10

    $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 - 02:00PM

    $399,900

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

    $249,900

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

    $399,999

    4
    Bedrooms
    2,000
    Square Feet
    0.07
    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 @properties Christie's International Real Estate

    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 08/03/2023 12:54 PM. 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.