Residential Income for Sale: 722 W Marquette, Chicago, IL 60621 SOLD
7 beds
$185,000
$185,000
722 W Marquette,
Chicago, IL 60621 SOLD
7 beds
$185,000
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Selling Price: $185,000
Original List Price: $175,000
Sold at 105.7% of list price
Sold Date: 08/09/2024
Type Residential Income
Beds 7
Year Built 1890
City Chicago
County Cook
School District 299
MLS 11984449
Status Closed
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.
Room Features
Basement Description Finished, Sleeping Area, Storage Space
Lot & Building Features
Heating Natural Gas
Parking Description Garage
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 10X127.2 ft
Price History of 722 Marquette, Chicago, IL
Date | Name | Price | Difference |
---|---|---|---|
05/08/2024 | Price Adjustment | $185,000 | 5.71% |
12/31/1969 | Listing Price | $175,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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![]() Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Straight-A Realty, LLC |