3000-3030 Marquette Rd Chicago, IL 60629

This exceptional 85-unit apartment building, located at 3000-3030 W. Marquette Rd in Chicago, IL, presents a compelling investment opportunity. Built in 1927, this four-story, Class C building boasts a striking red/brown brick façade with ornate terra cotta detailing. Situated on a 16,875 sq ft lot, it features a double courtyard design and enjoys a prime location adjacent to the expansive Marquette Park (318+ acres). The property offers convenient access to public transportation (CTA bus routes #67, #52A, and #94), Midway International Airport (under 3 miles), and downtown Chicago (approximately 10 miles). The building comprises 74 one-bedroom units, 10 two-bedroom units, and 1 three-bedroom unit, all featuring updated kitchens and bathrooms, and real hardwood floors. Currently operating at 85% occupancy, the property generates a NOI of $554,138, with a pro-forma NOI of $660,161 and a pro-forma cap rate of 9.3%. The asking price is $7,100,000, representing a price per unit of $83,529.41. Two large water tanks and two newer boilers ensure efficient hot water and heating for residents. This institutional-grade investment offers significant potential for future growth and strong returns. The Cook County APN is 19241270280000.