Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Chicago Downtown
$2,300,000
Marquette Park Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,750
Cap Rate 7.04%
NOI $161,965
Acreage 0.390
30-Unit Multifamily Portfolio | Marquette Park Neighborhood in Chicago, IL
Marketing description
Marcus & Millichap has been selected to exclusively market for sale Marquette Park Apartments, a 30-unit multifamily portfolio in Chicago, Illinois. This investment offers an investor a significant value-add opportunity to acquire a well-maintained asset with attractive in-place cash flow and compelling upside, which has been owned and operated by a long-term owner for over 25 years.
Investment highlights
- Attractive In-Place Cash Flow with Compelling Upside
- Significant Value-Add Opportunity
- Owned and Operated by a Long-Term Owner for Over 25 Years
- Supply-Constrained Location Supporting Long-Term Rent Growth
- Midway International Airport is Three Miles West
- Less Than One Mile North of Marquette Park
Listing Contacts
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Chicago Downtown
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,965.00
$13,497.08/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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Property History
Tax History
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