2335 West Marquette RoadChicago, IL 60636Price: $3,600,000

  • Price: $3,600,000
  • 153 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1928Year Built

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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.

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Listed by Aaron Sklar and Noah Birk of Kiser Group Realty Inc

Based on information submitted to MRED  as of February 20, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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