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722 W Marquette Road,  Chicago IL, 60621

(Active)
$175,000
|
7 beds, 3 baths
|
MLS# 11984449
Last Updated: 4/28/2024 1:54 PM
Description for 722 W Marquette Road Chicago, IL 60621
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.
Price
$175,000
Cook
7
3
11984449
Active
Description
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.
Listing Information
Property Type: Multi-Family, Other
7 3
14 1890 Yes-2 spaces
Brick
Hyde Park//
Public
Public Sewer
Neighborhood
Room Information
Interior Features
Gas Heat
Walk-Out Access, Finished, Full
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces,
Brick
Porch
Asphalt
10X127.2
Driving Directions
Drive west on Marquette Road (67th) toward Halsted, the property is located right before you reach Halsted.
Financial Considerations
20211240230000
$640
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60621 has a population of 2,781,445.

The median household income in Chicago, Illinois 60621 is $25,968. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60621 is 38 years.

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Courtesy: Straight-A Realty, LLC
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/28/2024. 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.

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This content last refreshed on 4/28/2024 1:54 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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