1534 E Marquette Road
Chicago, IL, 60637 $ 1,460,000
Bedrooms6 Baths0.0 Monthly Estimate*
$ 9,109
for $1,460,000 with 6 bedrooms. This home was built in 1907.
An Investor's Dream: High-Quality Multifamily Asset in Woodlawn's Growth Corridor right along the Lakefront. This professionally managed and meticulously maintained multifamily property at 1534 E Marquette Road is a premier investment opportunity in Chicago's rapidly appreciating Woodlawn community. Positioned for both immediate cash flow and substantial long-term equity growth, this asset offers a strategic foothold in one of the city's most dynamic development zones. Solid Fundamentals, Unmatched Upside Exceptional ROI: This building offers a solid return from day one. Rent growth in the market area is strong presenting an opportunity to value add. Built-in Value: The property's large (approximately 1600+sq ft units on the second and third floor and even larger duplex down units on the first floor, command premium rents and are highly attractive to quality tenants, reducing vacancy risk. Professional Ownership: Owned and managed by a builder/developer, this property has been maintained to a high standard, with consistent upgrades and professional oversight that ensures a smooth operation. Prime Location, Exponential Growth. The investment story of this property is driven by its irreplaceable location at the nexus of major public and private development. Obama Presidential Center: Located just four blocks from the OPC site, the property, and is residents, are poised to benefit directly from the economic and cultural revitalization that this landmark project is bringing to the area. Jackson Park Transformation: Situated only one block from the Jackson Park Golf Course, the property is a direct beneficiary of the multi-million dollar redesign of the course and the broader park system, enhancing local amenities and property values. Hyper-Proximate to Key Institutions: Within a mile, tenants have access to the University of Chicago, its world-class hospital, the lakefront trails, and the 63rd Street Beach, ensuring a deep pool of potential renters, including students, faculty, and medical professionals. New Construction Hotspot: Woodlawn has been a leader in new construction permits filed, confirming its status as a top-tier neighborhood for investment and development. This property is surrounded by new projects, signaling a strong and sustained trajectory of appreciation. This is a rare opportunity to acquire a high-quality, professionally managed income property with a clear path to significant future returns. A perfect addition to any investment portfolio, it is a stable asset in the middle of a major urban renaissance.
See more
FeaturesGeneralCooling Central Air
Zoning MULTI
Construction Materials Brick
Year Built 1907
Electric Circuit Breakers
Stories Count 3
Tax Year 2023
Gross Income 137100
County Cook
Net Operating Income 106110
Operating Expense 30990
Insurance Expense 5760
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 8429
Status Active
Directions Stony Island to 66th (AKA Marquette). 500 Feet West to property.
City Chicago
Number Of Units Total 6
MLS Area CHI - Woodlawn
Tax Annual Amount 9648
Electric Expense 453
Fuel Expense 453
Trash Expense 2531
Water Sewer Expense 2297
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7.27
See more
* Excluded FeaturesList ByExit Strategy Realty / Ema ManagementBroker
wayne@bealsproperties.com;wayne@bealsproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,109
- Monthly Property Taxes
- $804
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $615,846
Percent of Sale Price 58%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/28/2025 | $1,460,000 | | Listed Price |