2335 W. Marquette Rd Listing Details & Market Data

2335 W. Marquette Rd, Chicago, IL 60636

  • For Sale $3,600,000
  • Property Type Multi-Family
  • Property Size 44,000 SF
  • Units 55
  • Lot Size 15,616 Acre
  • Year Built 1926
  • Date Updated Feb 7, 2024
For SaleKiser Group is pleased to exclusively offer for purchase 2335 W. Marquette, a unique and rare 55-unit building in one of Chicago’s most desirable Southwest neighborhoods, Chicago Lawn. Known as The Claremont Gardens, the building is encompassed by an abundance of single-family homes, Chicago Lawn offers residents a suburban feel while still being in an urban environment. 2335 W. Marquette is comprised of fifty-five (55) total units; forty-eight (48) 1Bd/1Ba's, three (3) 2Bd/1Ba's, and four (4) retail spaces. For more information, please see a detailed breakdown on pages 17-18. 2335 W. Marquette presents an investor an incredibly rare opportunity to acquire immediate scale in a rapidly growing neighborhood. From day one, an investor will realize a cap rate of 9.89% and a cash return of over 16.80%. Through improved leasing and raising rents to levels already being achieved, The Chicago Lawn Collection offers an investor the potential to reach a 13.13% cap rate and nearly 29.75% cash return.

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Highlights

  • Chicago Lawn Neighborhood
  • Current Rents 30% Below Market Value
  • Significant Capital Improvements
  • Modern & Updated Mechanicals
  • Individual Furnaces
  • On-Site Laundry Facility
  • Immediate Economies of Scale

Contacts

broker

Joe Bianchi

Kiser Group

(773) 293-5023

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (65)

  • Transit Score ®

    Good Transit (56)

  • Bike Score ®

    Bikeable (68)
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Marquette Park
  • Zip Code 60636

Points of Interest

  • Ashland/63rd

    1.08 miles

  • Wrightwood

    1.92 miles

  • Halsted

    2.02 miles

  • Western

    2.28 miles

  • Kedzie

    2.52 miles

  • Ashburn

    2.65 miles

  • 63rd

    2.73 miles

  • Pulaski

    2.91 miles

  • 69th

    2.93 miles

  • Brainerd

    3.00 miles

  • Shell

    0.07 miles

  • Marathon

    0.44 miles

  • Mobil

    0.64 miles

  • Midwest

    0.65 miles

  • Citgo

    0.66 miles

  • Amstar

    0.78 miles

  • Mobil

    0.87 miles

  • Citgo

    0.93 miles

  • Marathon

    0.98 miles

  • Food 4 Less

    0.99 miles

  • Ashland/63rd Park & Ride

    1.07 miles

  • Western Park & Ride

    2.25 miles

  • Kedzie Park & Ride

    2.59 miles

  • Pulaski Park & Ride

    2.97 miles

  • Midway Park & Ride

    3.07 miles

  • Midway Airport Cell Phone Lot

    3.12 miles

  • Midway Airport Cell Phone Lot

    3.13 miles

  • Midway Airport Parking Garage

    3.18 miles

  • Limo Staging Area

    3.29 miles

  • Taxi Staging Area

    3.32 miles

  • Church's Chicken

    0.22 miles

  • McDonald's

    0.25 miles

  • White Castle

    0.25 miles

  • Wendy's

    0.42 miles

  • Garifuna Flava

    0.57 miles

  • Western Tacos

    0.59 miles

  • Popeyes

    0.73 miles

  • Dunkin'

    0.76 miles

  • Subway

    0.80 miles

  • Papa T's

    0.82 miles

  • O'Toole Elementary School

    0.40 miles

  • Claremont Academy

    0.45 miles

  • Nativity School

    0.48 miles

  • Maria High School

    0.48 miles

  • McKay Elementary School

    0.55 miles

  • Golgotha School

    0.60 miles

  • Saint Adrian School

    0.65 miles

  • Englewood Messiah Lutheran Headstart

    0.70 miles

  • Harper High School

    0.70 miles

  • Saint Rita School

    0.76 miles

  • Brighton Park Early Learning Center

    3.20 miles

  • Daycare

    4.29 miles

  • UChicago Child Development Center - Drexel

    4.29 miles

  • DJ Brooks Child Development Center

    5.00 miles

  • Peter Cottontail Day Nursery

    5.02 miles

  • Kenyatta's Day Care and Learning Center

    6.00 miles

  • Me & You Learning Academy

    6.04 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    6.10 miles

  • New Zion Childcare Academy

    6.48 miles

  • The Goddard School

    6.57 miles

Contact Listing Broker

broker

Joe Bianchi

Kiser Group

(773) 293-5023