2453 W Marquette Rd

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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)
  1. Listed by Matthew Neistat • @properties Christie's International Real Estate
    P: (847)-714-2913 C: (847)-714-2913 Matt@ckorealestate.com;matt@theneistatgroup.com

Sold By Atlas Asset Management Realty LLC

Property Details for 2453 West Marquette Road

Area
CHI - Chicago Lawn
Township
Lake
Num Of Parking Spaces
2.0
Zoning
MULTI
LISTING CLOSED: 10/16/2019 12:00 AM

Property Details for 2453 West Marquette Road

StatusClosed
MLS #10379104
Days on Market86
Taxes$9,859 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1927
Lot Size0.21 AC / 9,000 SF
CountyCook County
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Building Information for 2453 West Marquette Road

Stories2Residences13Year Built1927Building Size-Lot Size0.21 AC / 9,000 SF

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Property Information for 2453 West Marquette Road

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 Record2023$8,516 ($710 / 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.

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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.