1. Illinois
2. Chicago
3. 2857 W 71st Street

2857 W 71st Street, Chicago, IL 60629

Property Description

Attention Investors, Rehabbers, Developers! Exceptional value-add opportunity in the heart of Chicago's Marquette Park neighborhood. This solid 12-unit multifamily building features a desirable unit mix: 8 two-bedroom units, 2 one-bedroom units, and 2 studios, all served by a hydronic radiant floor heating system. With existing rents well below market, the property offers substantial upside through lease-up, rental repositioning, and renovation. Located directly across from the expansive Marquette Park-featuring walking trails, a lagoon, golf course, sports fields, and year-round recreational amenities-this location is well-suited to attract and retain long-term tenants. On-site parking for 7-8 vehicles (currently unassigned) adds further convenience and value. Estimated at a 9 cap rate with room for growth, this is a compelling opportunity for investors seeking to unlock value in a well-located multifamily asset.

Listing Status:

Active

Listing Office:

A.R.E. Partners Inc. : 312-880-9409

Listing Agent:

Michael Reyes : 312-880-9409

MLS ID:

12425932

Interior

• A/C: None

Location

Lot

Financial

This listing courtesy of Michael Reyes, A.R.E. Partners Inc.