33 Realty is pleased to present for sale 816-822 E Marquette Road, a 12-Unit multi-family
investment opportunity.
The property features substantial recent upgrades such as hot water (2020), roof (2021),
lintels and masonry (2024), porch repairs (2024), new exterior emergency lighting (2024).
The building's units are spacious and feature split bedrooms, front porch, back porch, and
boiler heat.
A new investor benefits from the opportunity to bring rents to market with interior cosmetic
improvements, increasing the in-place cap rate from 8.67% to 13.19%.
Given its location in central Woodlawn, this is an extremely attractive multi-family investment
opportunity with significant long-term opportunity for value and rental appreciation.
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Year Built: 1912
Building Size: 15000sq ft
Lot Size: 0.14 acres
Map of 820 E Marquette Rd - 12-Unit Multi-Family In Woodlawn, Chicago, IL, 60637
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
