Attention Investors, Rehabbers, Developers! Exceptional value-add opportunity in the heart of Chicago's Marquette Park neighborhood. This solid 12-unit multifamily building features a desirable unit mix: 8 two-bedroom units, 2 one-bedroom units, and 2 studios, all served by a hydronic radiant floor heating system. With existing rents well below market, the property offers substantial upside through lease-up, rental repositioning, and renovation. Located directly across from the expansive Marquette Park-featuring walking trails, a lagoon, golf course, sports fields, and year-round recreational amenities-this location is well-suited to attract and retain long-term tenants. On-site parking for 7-8 vehicles (currently unassigned) adds further convenience and value. Estimated at a 9 cap rate with room for growth, this is a compelling opportunity for investors seeking to unlock value in a well-located multifamily asset.

Listing Courtesy of MRED as distributed by MLS Grid of A.R.E. Partners Inc.



Based on information submitted to the MLS GRID as of 2025-07-31 11:07 PM UTC. 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.
Last checked: 2025-07-31 11:07 PM UTC
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