2 months on rocket

722 W Marquette Rd, Chicago, IL, 60621

$175,000

Home List Price

$2,078*

Closing Credit

7 Bedrooms
3 Baths
House
Schools Nearby

Location

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722 W Marquette Rd, Chicago$175,000

Buyer Closing Credits

$2,078*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage2 spaces
Year Built1890
HeatingNatural Gas
BasementYes
MLS #11984449
StatusActive
(Re-activated)

About 722 W Marquette Rd

Explore the immense potential of this expansive Englewood brick two-unit property, which sits vacant and ready for your vision. A virtual tour and rendered photos are included to better assist with visualizing the property's layout and rehab potential! Offering 3,186 square feet of finished living space across duplexed units, this property presents an incredible opportunity. The first-floor unit includes 3 bedrooms and 2 full bathrooms, duplexing into a finished basement with room for additional bedrooms. The second-floor apartment boasts 4 bedrooms and 1 bathroom, duplexing up into a finished attic. While some TLC is needed, the equity upside is substantial, with renovated similar properties selling for an average of $386,000 within a half-mile radius in the past 6 months, presenting over $200,000 of available equity upside. The rental income upside provides a great opportunity for an owner-occupied buyer to live in one unit while the tenant in the other unit covers the lion's share of the mortgage and building expenses. With rental income potential of up to $1,800 for a 4-bedroom unit and $1,600 for a 3-bedroom unit, this property is an excellent investment opportunity. Plus, enjoy the convenience of a 2-car garage. Don't miss your chance to explore the possibilities and schedule a showing today! *PROPERTY IS BEING SOLD "AS-IS" Owner is a licensed IL real estate agent.

Property Details

Property Features

Property Information:

  • Year Built: 1890

Listing Office:

  • Office Name: Straight-A Realty, LLC
  • Office Phone: (630) 288-2446
  • Listing Agent: Michael Applegate

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Drive west on Marquette Road (67th) toward Halsted, the property is located right before you reach Halsted.

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

Med. Sold Price

$349K

Med. Price/SqFt

$250

Avg. Days On Market

33

# of Sold Homes

2268

722 W Marquette Rd vs Chicago

70 DAYS ON ROCKET

+37 Days

$175,000

-$174K Less

KEY TAKEAWAY

This property is $174K less than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11984449

Listing Office:

  • Office Name: Straight-A Realty, LLC
  • Office Phone: (630) 288-2446
  • Listing Agent: Michael Applegate

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:45:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$941

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4610175
2
/10
  • Bass Elementary School

  • 1140 W 66th St

  • 0.55 miles

  • Public District Grades PK-8

school-card-donut-4610176
2
/10
  • Parker Elementary Community Academy

  • 6800 S Stewart Ave

  • 0.58 miles

  • Public District Grades PK-8

school-card-donut-4610177
2
/10
  • Bond Elementary School

  • 7050 S May St

  • 0.70 miles

  • Public District Grades KG-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,591. Typical income of Chicago, IL residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 722 W Marquette Rd

What is the listing price of this property?

The listing price of 722 W Marquette Rd property is $175,000.

What type of property is this?

The property 722 W Marquette Rd is a house located in Chicago, Illinois, 60621.

Is this property for sale now?

Active Listing: 722 W Marquette Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 722 W Marquette Rd has 7 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 722 W Marquette Rd is 1890.

Rocket Homes›Illinois›Cook County›Chicago›60621›722 W Marquette Rd

This home is located at 722 W Marquette Rd in Chicago, IL and zip code 60621 in the Englewood neighborhood. This home was built in 1890. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $175,000.

In April 2024 more than 867 listings in Chicago, IL were sold above the asking price. During the same period more than 378 listings were sold at asking price, while more than 1023 were sold below. The inventory of homes for sale in Chicago, IL between March 2024 and April 2024 increased by 18.4%. While the average time on the market in April 2024 was 33 days, the median list price was $349,097.

From Rocket Homes Real Estate and based on county public records data.

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