Address
2335 W Marquette Road, Chicago, IL
Price
$ 3,600,000
Property Attributes
  • MLS#11891381
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Chicago Lawn
  • Zip60636
  • Style
  • Year Built1928
  • Taxes$ 62463
  • Price$ 3,600,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

2335 W. Marquette is a unique and rare 55-unit building in one of Chicago's most desirable Southwest neighborhoods, Chicago Lawn. Known as The Claremont Gardens, the building is encompassed by an abundance of single-family homes, Chicago Lawn offers residents a suburban feel while still being in an urban environment. 2335 W. Marquette is comprised of fifty-five (55) total units; forty-eight (48) 1Bd/1Ba's, three (3) 2Bd/1Ba's, and four (4) retail spaces. For more information, please see a detailed breakdown on pages 17-18. 2335 W. Marquette presents an investor an incredibly rare opportunity to acquire immediate scale in a rapidly growing neighborhood. From day one, an investor will realize a cap rate of 8.82% and a cash return of over 12.5%. Through improved leasing and raising rents to levels already being achieved, The Chicago Lawn Collection offers an investor the potential to reach a 12.25% cap rate and nearly 26.3% cash return.

Price History
11/9/2023 Listed $3,850,000
1/23/2024 7% - $3,600,000

General Features

Year Built 1928
Tenant Pays Electricity,Heat
Stories 4
Tax Year 2021
Gross Income 576636
County Cook
Net Operating Income 339451
Operating Expense 214353
Insurance Expense 21000
Property Type Commercial Sale
MaintenanceExpense 23000
Status Active
Directions From I90/94,head west on Marquette Rd to listing
City Chicago
Total Units 55
MLS Area CHI - Chicago Lawn
Street Name Marquette
Tax Annual Amount 62463
Electric Expense 3000
Fuel Expense 2500
Trash Expense 6000
Water Sewer Expense 35000
Additional Parcels Y/N No
Days on Market 131
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Road

Exterior Features

Lot Dimensions 125' X 125'

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60636

Price
AVG $400K
$3.6M
Taxes
AVG $6,553
$62,463
Visits
AVG 104
291
Data Provided by Inside Real Estate®
Year Built
AVG 1909
1928
Walkscore
AVG 63
65
Data Provided by Walkscore® not using MLS data