$699,900

2857 W 71st Street, Chicago, IL 60629, US

Summary

Year Built: 1958

Moving Quotes

primary photo for 2857 W 71st Street, Chicago, IL 60629, US

Remarks

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.

Details

MLS#: 12425932
Price: $699,900

Year Built: 1958

County: Cook
Lot Size: 7346
Tax Fee: 14149.8

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Broker Contact

A.R.E. Partners Inc.
111 W JACKSON BLVD Suite 170
Chicago, IL, 60604
US
Antje Gehrken
! 312-300-7237
! agehrken@arepartners.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Midwest Real Estate Data, LLC
Last updated: 2025-07-29T12:45:01.000-04:00.
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