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9 unit building in Marquette Park with (6) one bedrooms and (3) two bedrooms. Great return, 9.19% CAP rate. The property has large unit layouts, high historical occupancy, and on-site laundry. All units have tenant paid GFA furnaces. The area of Marquette Park is anchored by its 323 acre Park which is the largest on the southwest side of Chicago. Amenities include golf course, driving range, recreation fields, and field house. The subject is less than 1 mile from the actual park. An investor can enjoy strong returns right away or improve returns with further unit improvements over time.
Triton Realty Group LLC