INVESTMENT OPPORTUNITY IN CHICAGO LAWN! Discover the potential of this spacious 6-unit multifamily property, offering an excellent opportunity for investors looking to renovate, add value, or expand their rental portfolio. Featuring 8 bedrooms, 6 bathrooms, approximately 6,861 sq. ft. of building space, and a generous 9,968 sq. ft. lot, this property offers tremendous possibilities. Additional highlights include two full basements with potential for expanded usable space and additional bathrooms, along with two detached 2-car garages providing four garage spaces. Whether your goal is renovation and resale or generating long-term rental income, this property presents an exciting value-add opportunity. Conveniently located near Marquette Park, Marquette Elementary School, local shopping and dining along Western Avenue and 63rd Street, public transportation, and Chicago Midway International Airport.
Marquette Park, located between West 63rd Street and West 71st Street, is a residential and park-centered Chicago neighborhood with a grand boulevard landscape and a namesake green expanse. The neighborhood’s character concentrates around Marquette Park at 67th Street and Kedzie Avenue, where ballfields, lagoons, and steady foot traffic set the daily rhythm. Brick bungalows and two-flats line the side streets, giving blocks a consistent, early-20th-century streetscape. Marquette Park Fieldhouse anchors local recreation and community programming. The Marquette Park Golf Course adds an open, prairie-like horizon rare on the South Side. Along 63rd Street, small storefront corridors frame everyday errands and transit connections.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Unfinished basement
Bedrooms
Six units with one bedroom each and two units with two bedrooms each
Bathrooms
Six units with one full bathroom each and two units with one full bathroom each
Heating & cooling
Hot water and steam heat
Home design
Six-unit multifamily building
Construction
Built before 1978
Financial info
Gross income of $4,150
Total monthly income of $4,150
Gross rent multiplier of 15
Electricity and solar
View estimated energy costs and solar savings for this home
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60629
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Redfin Estimate
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