lot: 6534 sq ft lot
Commercial: Multi Family 5+ - MLS# 12526261
Tools & Resources:
Description
Welcome to this value-add 12-unit investment opportunity in West Englewood! This yellow-brick building features 1 bedroom and 1 bathroom in each unit and will require a full-renovation for experienced investors and developers. This property is ideally suited for a complete rehab to unlock significant upside through repositioning, rent growth, and long-term cash flow. With a full renovation, investors can capitalize on updated interiors, improved mechanicals, and enhanced curb appeal for modernization to meet current market demand to significantly increase rental income and overall asset value. Situated on Marquette Road, the property benefits from strong neighborhood fundamentals, proximity to public transportation, retail corridors, schools, and easy access to major thoroughfares. The area continues to see investor activity driven by affordability and demand for renovated rental housing and is ideal for buy-and-hold or repositioning strategy. This is an excellent opportunity for investors seeking a high-return redevelopment project at a great price in an established Chicago neighborhood!
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60636
- Year Built: 1927
- Stories: 3
- Units: 12 units
- Lot Size: 6534 sq ft lot
- Zoning: MULTI
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Directions: From 94 exit west on 67th street to property
- Heat/Ventilation: Gas
- Information: 48-Hr Notice Required
- Main Type: Commercial Sale
- Tax Annual Amount: 15185
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
- Township: Lake
- Type Multi-Family: Corridor-Interior Entrance
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