$1,460,000

Estimated payment $8,431/month

Total Views 4,223
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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.

Listing Agent

Wayne Beals

Exit Strategy Realty / EMA Management License #471018068 Listed on: 08/28/2025

Co-Listing Agent

Derek Walvoord

Exit Strategy Realty / EMA Management License #475193959

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,648

Year Built

  • Built in 1907

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 50x125

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $453
  • Fuel Expense $453
  • Insurance Expense $5,760
  • Maintenance Expense $8,429
  • Manager Expense $5,700
  • Trash Expense $2,531
  • Water Sewer Expense $2,297
  • Operating Expense $30,990
  • Gross Income $137,100
  • Net Operating Income $106,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,648

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1907
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas,Individual Furnaces

Condo/Co-op/Association

  • Manager Expense: 5700

Fee Information

  • Trash Expense: 2531
  • Water Sewer Expenses: 2297

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50x125
  • Zoning: MULTI

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 106110
  • Fuel Expense: 453
  • Insurance Expense: 5760
  • ElectricExpense: 453
  • GrossIncome: 137100
  • Maintenance Expense: 8429
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 30990
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9648
  • Tax Year: 2023

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2025 08/28/25 For Sale $1,460,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12457767

Midwest Real Estate Data (MRED)

APN: 20232210230000