2335 W. Marquette Rd

• Chicago Lawn Neighborhood
• Current Rents 30% Below Market Value
• Significant Capital Improvements
• Modern & Updated Mechanicals
• Individual Furnaces
• On-Site Laundry Facility
• Immediate Economies of Scale

Property Description

Kiser Group is pleased to exclusively offer for purchase 2335 W. Marquette, a unique and rare 55-unit building in one of Chicago’s most desirable Southwest neighborhoods, Chicago Lawn. Known as The Claremont Gardens, the building is encompassed by an abundance of single-family homes, Chicago Lawn offers residents a suburban feel while still being in an urban environment. 2335 W. Marquette is comprised of fifty-five (55) total units; forty-eight (48) 1Bd/1Ba's, three (3) 2Bd/1Ba's, and four (4) retail spaces. For more information, please see a detailed breakdown on pages 17-18. 2335 W. Marquette presents an investor an incredibly rare opportunity to acquire immediate scale in a rapidly growing neighborhood. From day one, an investor will realize a cap rate of 9.89% and a cash return of over 16.80%. Through improved leasing and raising rents to levels already being achieved, The Chicago Lawn Collection offers an investor the potential to reach a 13.13% cap rate and nearly 29.75% cash return.