722 W Marquette Road
Chicago, IL 60621

Status: Active
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $170,000

About this home

Explore the immense potential of this expansive Englewood brick two-unit property, which sits vacant and ready for your vision. A virtual tour and rendered photos are included to better assist with visualizing the property's layout and rehab potential! Offering 3, 186 square feet of finished living space across duplexed units, this property presents an incredible opportunity. The first-floor unit includes 3 bedrooms and 2 full bathrooms, duplexing into a finished basement with room for additional bedrooms. The second-floor apartment boasts 4 bedrooms and 1 bathroom, duplexing up into a finished attic. While some TLC is needed, the equity upside is substantial, with renovated similar properties selling for an average of $386, 000 within a half-mile radius in the past 6 months, presenting over $200, 000 of available equity upside. The rental income upside provides a great opportunity for an owner-occupied buyer to live in one unit while the tenant in the other unit covers the lion's share of the mortgage and building expenses. With rental income potential of up to $1, 800 for a 4-bedroom unit and $1, 600 for a 3-bedroom unit, this property is an excellent investment opportunity. Plus, enjoy the convenience of a 2-car garage. Don't miss your chance to explore the possibilities and schedule a showing today! *PROPERTY IS BEING SOLD "AS-IS" Owner is a licensed IL real estate agent.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1890
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Porch
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt
Virtual Tour (Unbranded) External link
MRD Virtual Tour Image360
Virtual Tour Date 02/22/2024 2:53 am
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Englewood
Corporate Limits Chicago
Directions Drive west on Marquette Road (67th) toward Halsted, the property is located right before you reach Halsted.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Finished, Sleeping Area, Storage Space
Basement Bathrooms No
Basement Full ,Walkout
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 3
Full Baths in Building Count 3
Total Rooms 14
Units
unit 1
Beds Total 3
Baths Total 2
Appliances And Features Laundry Hook-Up
Full Baths Total 2
Lease Expiration Date N/A
Rooms Total 7
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 4
Baths Total 1
Appliances And Features None
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 7
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 10X127.2
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20211240230000
Special Assessments N
Taxes $640
Tax Exemptions Homeowner, Senior, Senior Freeze
Tax Year 2022
$170,000 Listing Price:
MLS # 11984449
Investment Profile Residential Income
Listing Market Time 88 days
Basement Full ,Walkout
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 02/21/2024
Year Built 1890
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