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8757 S Marquette Avenue Chicago, IL 60617 • Multi Unit - Multiple • Active

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Description

Excellent investment opportunity in the heart of South Chicago! This solid 3-unit building offers strong income potential and long-term value for both seasoned investors and owner-occupants. First floor front unit offers 1 bedroom and 1 bath. First floor rear unit offers 3 bedrooms and 1 bath. While the second floor unit offers 5 bedrooms 1 and half bathrooms, living room and 2 dining rooms, or 2 living rooms and 1 dining room, your choice with the spacious layout with bright living areas. The property provides a versatile setup-live in one unit while renting out the others, or maximize cash flow by leasing all three. The building sits on a quiet, residential block and includes a large backyard space perfect for outdoor enjoyment as the property sits on 3 lots, along with convenient parking options. With separate utilities and well-proportioned units, this property is ideal for easy management and consistent rental income. The roof was done in 2018 and water heaters replaced in the last 3-5 years. Located near schools, parks, shopping, and public transportation, tenants will appreciate the accessibility and neighborhood feel. Easy access to major roadways makes commuting a breeze. In addition to the proximity of only 5 minute drive to QUANTUM SHORE which is a project that is expected to bring thousands of jobs the next decade. Whether you're looking to expand your portfolio or secure a multi-unit property with great upside, this is a fantastic opportunity you won't want to miss!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 9
Bathrooms: 4
County: Cook
High School: Bowen High School
Listed By:
Ruiz Realty, Inc. 773-767-9470
MRED MLS
$330,000
Est. $2,338/mo
9beds
4baths
2cars
New to the Market Active
BEDS9 BATHS4 full MLS#12772409
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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8757 S Marquette Avenue, Chicago, IL 60617.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $330,000$330,000$330,000
Down Payment $66,000$11,550$82,500
Monthly Mortgage Amount $1,779$2,183$2,156
Taxes $459$459$459
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$145$0
Monthly Estimated Total $2,338$2,887$2,715

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