2524 W Marquette Rd

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

Description

Proud to exclusively offer for sale, 2522-24 W Marquette Road. This 8-unit brick apartment building, located in Chicago Lawn has received numerous improvements over the last few years. Improvements made include, but are not limited to, 2 New Coin-operated Washers & Dryers, 2015 (Owned); Apartment 2524, Units 1 & 2, Completed Remodeled, 2016-2017; Newer Porches, approx 2014; Replaced Sewer Lines, approx 2014; Security System, approx 2014; New Roof, 2016; Tuck-pointing, 2016. Offering Memorandum can...Proud to exclusively offer for sale, 2522-24 W Marquette Road. This 8-unit brick apartment building, located in Chicago Lawn has received numerous improvements over the last few years. Improvements made include, but are not limited to, 2 New Coin-operated Washers & Dryers, 2015 (Owned); Apartment 2524, Units 1 & 2, Completed Remodeled, 2016-2017; Newer Porches, approx 2014; Replaced Sewer Lines, approx 2014; Security System, approx 2014; New Roof, 2016; Tuck-pointing, 2016. Offering Memorandum can be found under "additional information."

    Sold By @properties Commercial

    Property Details for 2524 West Marquette Road

    Area
    CHI - Chicago Lawn
    Township
    LAKE
    Zoning
    MULTI
    LISTING CLOSED: 02/28/2019 12:00 AM

    Property Details for 2524 West Marquette Road

    StatusClosed
    MLS #10040235
    Days on Market91
    Taxes$6,000 / year
    HOA Fees-
    Condo/Co-op Fees-
    Property TypeMulti Family
    MLS TypeMulti Family 5+ / Corridor-Interior Entrance
    Year Built1927
    Lot Size0.17 AC / 7,273 SF
    CountyCook County
    Add your commute

    Building Information for 2524 West Marquette Road

    Stories2Residences8Year Built1927Building Size-Lot Size0.17 AC / 7,273 SF

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    OriginPoint Mortgage or Rocket Mortgage1

    $2,533 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,033

    Property Taxes

    $500

    HOA Dues

    $0

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    Property Information for 2524 West Marquette Road

    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces
    • Open Parking Spaces: 2.0
    Location and General Information
    • Information: 48-Hr Notice Required,No Sign on Property
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • # Of Washers: 2
    • Basement Description: Unfinished
    • Heat/Ventilation: Central Bldg Heat
    • # Of Refrigerators: 2
    • Washer/Dryer Lsd: No
    • # Of Dryers: 2
    • # Of Dishwashers: 0
    • Num of Baths: 8.0
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 58X125
    • Lot Size Square Feet: 7273.0
    • Stories: 2
    • Building Area Total: 6632
    • # Of Ranges: 2
    Property and Assessments
    • Photos Count: 19
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 8
    Income & Expenses
    • Electric Expense: $700.00
    • Fuel Expense: $8,036.00
    • Gross Income: $88,896.00
    • Gross Scheduled Income: $90,912.00
    • Insurance Expense: $4,000.00
    • Maintenance Expense: $5,000.00
    • Electric Expense Source: Combination
    • Expense Year: 2017
    • Total Annual Expense Source: Combination
    • Fuel Expense Source: Combination
    • Insurance Expense Source: Combination
    • Janitor Expense: 2700
    • Net Operating Income Year: 2017
    • Other Expense Source: Combination
    • Repairs-Decor Expense Source: Combination
    • Trash Expense Source: Combination
    • Total Monthly Income: 7576
    • Water Expense Source: Combination
    • Net Operating Income: $39,677.00
    • Operating Expense: $35,084.00
    • Other Expense: $9,366.00
    • Trash Expense: $1,144.00
    • Water Sewer Expense: $4,138.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 2
    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: 4
    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 2524 West Marquette Road

    DateEvent & SourcePriceAppreciation
    Feb 28, 2019

    Sold

    MRED #10040235

    $400,000
    Jan 28, 2019

    Sold (Public Record)

    Public Record #640406128

    $400,000

    +9.4% / yr

    Nov 1, 2018

    Pending

    MRED #10040235

    DateEvent & SourcePrice
    02/28/2019

    Sold

    MRED #10040235

    $400,000
    01/28/2019

    Sold (Public Record)

    Public Record #640406128

    $400,000

    +9.4% / yr

    11/01/2018

    Pending

    MRED #10040235

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

    Public Records for 2524 West Marquette Road

    Taxable ValueLand$7,250Additions$39,948Total$47,198
    Tax Record2023$11,484 ($957 / month)
    Home Facts
    Stories2Lot Size7,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1927CountyCOOKAPN19-24-229-031

    Schools near 2524 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 Commercial

    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 05/05/2021 06:06 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.