2500 West Marquette Road $575,000

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    2500 West Marquette Road, Chicago-Chicago Lawn, IL 60629
    2500 West Marquette Road, Chicago-Chicago Lawn, IL 60629
    2500 West Marquette Road, Chicago-Chicago Lawn, IL 60629
    2500 West Marquette Road, Chicago-Chicago Lawn, IL 60629
    2500 West Marquette Road, Chicago-Chicago Lawn, IL 60629
    2500 West Marquette Road, Chicago-Chicago Lawn, IL 60629
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    Listing provided courtesy of: Kiser Group Realty Inc

    2500 West Marquette Road Chicago-Chicago Lawn, IL 60629

    • Commercial
    MLS# 10549565 | Active

    $575,000

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    Days On Market: 32 7 Views
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    Monday 09 Dec
    Tuesday 10 Dec
    Wednesday 11 Dec
    Thursday 12 Dec
    Friday 13 Dec
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    Property Details

    * New Boiler and R&D Control System * Granite Countertops & Stainless Steel Appliances * 9% In-Place Cap Rate * 16.66% Cash on Cash Return * Opportunity Zone * Gross Yearly-$87,995 (w/ 5.00% Vacancy) * Net Operating Income-$51,727 Property is a ten (10) unit walk up located on a quiet, tree-lined street in Chicago's historic Lithuanian Plaza just four (4) blocks east of Marquette Park. Conveniently, the property sits just two (2) blocks west of Western Avenue which provides an abundance of retail and grocery options. Property is made up of eight (8) 1b/1ba units and two (2) 2b/1ba units. All of which, however, are spacious and boast four (4) and five (5) room layouts which include separate living and dining rooms, respectively. Over the years, there has been a handful of capital updates and upgrades. Recent improvements to the building consist of, but not limited to: a newer central boiler (2012), a new efficient R &D boiler control system (2012), a newer water heater, as well updating porches.

    • General Features
      • Age Older
      • Information List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement
      • Taxes 9673
      • Gross Rental Income 92100
      • County Cook
    • Room Features
      • Unit 1 Beds 1
      • Unit 1 Baths 1
      • Unit 2 Beds 2
      • Unit 2 Baths 1
      • Unit 3 Beds 0
      • Unit 4 Beds 0
      • Unit 5 Beds 0
      • Unit 6 Beds 0
      • Unit 7 Beds 0

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    Neighborhood

    60629 (Chicago-Chicago Lawn) Demographics

    30Median Age
    16,922Population Density (per sq. mile)
    14%College Educated
    $41,471 Estimated Median Income
    17,659Estimated Total Home Owners
    13,320Estimated Total Renters
    57% / 43%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    115,104Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $205,500 Median Sales Price
    34 Homes Sold
    50 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $575,000
        11/7/2019 12:40:00 PM New in Database Source

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