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$1,460,000

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1534 E Marquette RD Chicago, IL 60637

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Ariel Manlapaz

bbtbhomes2020@gmail.com +1(847) 924-7177

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12457767

Maintenance Fees $8,429

Year Built 1907

Annual Tax Amount $9,648

Tax Year 2023

Lot Dimensions 50x125

Property Sub-Type Multi Family 5+

Property Description

An Investor's Dream: High-Quality Multifamily Asset in Woodlawn's Growth Corridor right along the Lakefront. This professionally managed and meticulously maintained multifamily property at 1534 E Marquette Road is a premier investment opportunity in Chicago's rapidly appreciating Woodlawn community. Positioned for both immediate cash flow and substantial long-term equity growth, this asset offers a strategic foothold in one of the city's most dynamic development zones. Solid Fundamentals, Unmatched Upside Exceptional ROI: This building offers a solid return from day one. Rent growth in the market area is strong presenting an opportunity to value add. Built-in Value: The property's large (approximately 1600+sq ft units on the second and third floor and even larger duplex down units on the first floor, command premium rents and are highly attractive to quality tenants, reducing vacancy risk. Professional Ownership: Owned and managed by a builder/developer, this property has been maintained to a high standard, with consistent upgrades and professional oversight that ensures a smooth operation. Prime Location, Exponential Growth. The investment story of this property is driven by its irreplaceable location at the nexus of major public and private development. Obama Presidential Center: Located just four blocks from the OPC site, the property, and is residents, are poised to benefit directly from the economic and cultural revitalization that this landmark project is bringing to the area. Jackson Park Transformation: Situated only one block from the Jackson Park Golf Course, the property is a direct beneficiary of the multi-million dollar redesign of the course and the broader park system, enhancing local amenities and property values. Hyper-Proximate to Key Institutions: Within a mile, tenants have access to the University of Chicago, its world-class hospital, the lakefront trails, and the 63rd Street Beach, ensuring a deep pool of potential renters, including students, faculty, and medical professionals. New Construction Hotspot: Woodlawn has been a leader in new construction permits filed, confirming its status as a top-tier neighborhood for investment and development. This property is surrounded by new projects, signaling a strong and sustained trajectory of appreciation. This is a rare opportunity to acquire a high-quality, professionally managed income property with a clear path to significant future returns. A perfect addition to any investment portfolio, it is a stable asset in the middle of a major urban renaissance.

Location

State IL

County Cook

Area Chi - Woodlawn

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Wayne Beals of Exit Strategy Realty / EMA Management

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

Lenart Elementary Regional Gifted Center

Public | PK - 8
10

McDade Elementary Classical School

Public | KG - 6
8

McDowell Elementary School

Public | KG - 5
7

Dixon Elementary School

Public | PK - 8
6

Robinson Elementary School

Public | PK - 3
6

Murray Elementary Language Academy

Public | KG - 8
5

Sherwood Elementary School

Public | PK - 8
5

Beasley Elementary Magnet Academic Center

Public | PK - 8
5

Pirie Fine Arts and Academic Center Elementary School

Public | KG - 6
5

Ariel Elementary Community Academy

Public | PK - 8
5

Ray Elementary School

Public | PK - 8
5

Shoesmith Elementary School

Public | KG - 6
5

Woodlawn Elementary Community School

Public | PK - 6
5

Carnegie Elementary School

Public | PK - 8
5

Harte Elementary School

Public | PK - 8
5

Hoyne Elementary School

Public | KG - 6
4

Coles Elementary Language Academy

Public | KG - 8
3

Carter Elementary School

Public | PK - 8
3

Reavis Math and Science Elementary School

Public | PK - 8
3

Wadsworth Elementary School

Public | PK - 8

Middle Schools 2

0

Canter Middle School

Public | 8 - 8
0

Camelot Safe Academy School

Public | 6 - 12

High Schools 19

9

King College Preparatory High School

Public | 9 - 12
8

Kenwood Academy High School

Public | 9 - 12
8

South Shore International College Prep High School

Public | 12 - 12
6

Hyde Park Academy High School

Public | 9 - 12
5

Williams Medical Preparatory High School

Public | 9 - 12
3

Bronzeville Scholastic High School

Public | 9 - 12
3

Chicago Vocational Career Academy High School

Public | 9 - 11
1

Ace Technical Charter High School

Public | 9 - 12
1

Hirsch Metropolitan High School

Public | 9 - 12
1

Epic Academy High School

Public | 9 - 12
0

Hunter-Bolden Academy

Private | 12 - 12
0

Dyett High School

Public | 12 - 12
0

Hales Franciscan High School

Private | 9 - 12
0

Little Black Pearl Arts Academy High School

Public | 9 - 12
0

Magic Johnson - Roseland High School

Public | 9 - 12
0

School of Leadership High School

Public | 11 - 12
0

Winnie Mandela High School

Public | 9 - 12
0

Bowen High School

Public | 9 - 12
0

Camelot Safe Academy High School

Public | 9 - 12

School and business data provided by Attom Data.

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Ariel Manlapaz

Real Estate Consultant | License ID: 475173895

+1(847) 924-7177

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1534 E Marquette RD Chicago, IL 60637

Ariel Manlapaz

Key Details

Location

Interior

Building

NEARBY SCHOOL & BUSINESS

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1534 E Marquette RD