ClosedPrice Reduced

$170,000

$175,000
722 Marquette Road, Chicago, IL 60621
7 Beds3 Baths103 days
722 Marquette Road·Chicago, IL 60621
7Bedrooms
3Bathrooms
1890Year Built
About This Home

Explore the immense potential of this expansive Englewood brick two-unit property, which sits vacant and ready for your vision. A virtual tour and rendered photos are included to better assist with visualizing the property's layout and rehab potential! Offering 3,186 square feet of finished living space across duplexed units, this property presents an incredible opportunity. The first-floor unit includes 3 bedrooms and 2 full bathrooms, duplexing into a finished basement with room for additional bedrooms. The second-floor apartment boasts 4 bedrooms and 1 bathroom, duplexing up into a finished attic. While some TLC is needed, the equity upside is substantial, with renovated similar properties selling for an average of $386,000 within a half-mile radius in the past 6 months, presenting over $200,000 of available equity upside. The rental income upside provides a great opportunity for an owner-occupied buyer to live in one unit while the tenant in the other unit covers the lion's share of the mortgage and building expenses. With rental income potential of up to $1,800 for a 4-bedroom unit and $1,600 for a 3-bedroom unit, this property is an excellent investment opportunity. Plus, enjoy the convenience of a 2-car garage. Don't miss your chance to explore the possibilities and schedule a showing today! *PROPERTY IS BEING SOLD "AS-IS" Owner is a licensed IL real estate agent.

MLS# 11984449Listed February 21, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms3
Total Rooms14

Size & Structure

Garage Spaces2
Year Built1890
Lot Size10X127.2

Location

CountyCook
TownshipHyde Park
Zip Code60621

Financial

List Price$170,000
Original Price$175,000
Annual Taxes (2022)$640
Monthly Tax Est.$53
Parcel #20211240230000
Interior Features

Heating

Natural Gas

Basement

FinishedSleeping AreaStorage SpaceFullWalk-Out Access
Exterior & Lot

Construction

Brick

Roof

Asphalt

Patio & Porch

Porch
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$640
Tax Year 2022
Monthly Tax Est.
$53
per month
Price Reduced by $5,000
Original list price: $175,000
Property Location

722 Marquette Road, Chicago, IL 60621Cook County

$170,000
722 Marquette Road
7 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
103 days on market
2-car garage
10X127.2
$640/yr taxes
Price reduced $5,000
$947
estimated monthly payment
Principal & Interest
$893/mo
Property Tax
$53/mo
$170,000
20% — $34,000
3%50%
6.875%
3%12%
Loan Amount
$136,000
Down Payment
$34,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Straight-A Realty, LLC
Agent: Michael Applegate
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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