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3000-3030 Marquette Rd Chicago, IL 60629

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85-Unit Multifamily Investment Opportunity

Property Features for 3000-3030 Marquette Rd

General Information

Property type
Multifamily properties
Class
C

Building Details

Year Built
1927
Buildings
1
Stories
4
Units
85

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Listing Contact
David McLennan
David McLennan

Listing Agency: Pearson Group LLC Listing Agent: David McLennan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

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Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.6984458
Latitude
41.7718784

FAQs

What type of property is this?
Multifamily property - 85-Unit Multifamily Investment Opportunity
Where is this multifamily property located?
The property is located at 3000-3030 Marquette Rd Chicago, IL.
What is the asking price?
The asking price for this property is $7,100,000.
(773) 325-2800 Call to check price and availability
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