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$1,460,000
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Property Description
An Investor's Dream: High-Quality Multifamily Asset in Woodlawn's Growth Corridor right along the Lakefront. This professionally managed and meticulously maintained multifamily property at 1534 E Marquette Road is a premier investment opportunity in Chicago's rapidly appreciating Woodlawn community. Positioned for both immediate cash flow and substantial long-term equity growth, this asset offers a strategic foothold in one of the city's most dynamic development zones. Solid Fundamentals, Unmatched Upside Exceptional ROI: This building offers a solid return from day one. Rent growth in the market area is strong presenting an opportunity to value add. Built-in Value: The property's large (approximately 1600+sq ft units on the second and third floor and even larger duplex down units on the first floor, command premium rents and are highly attractive to quality tenants, reducing vacancy risk. Professional Ownership: Owned and managed by a builder/developer, this property has been maintained to a high standard, with consistent upgrades and professional oversight that ensures a smooth operation. Prime Location, Exponential Growth. The investment story of this property is driven by its irreplaceable location at the nexus of major public and private development. Obama Presidential Center: Located just four blocks from the OPC site, the property, and is residents, are poised to benefit directly from the economic and cultural revitalization that this landmark project is bringing to the area. Jackson Park Transformation: Situated only one block from the Jackson Park Golf Course, the property is a direct beneficiary of the multi-million dollar redesign of the course and the broader park system, enhancing local amenities and property values. Hyper-Proximate to Key Institutions: Within a mile, tenants have access to the University of Chicago, its world-class hospital, the lakefront trails, and the 63rd Street Beach, ensuring a deep pool of potential renters, including students, faculty, and medical professionals. New Construction Hotspot: Woodlawn has been a leader in new construction permits filed, confirming its status as a top-tier neighborhood for investment and development. This property is surrounded by new projects, signaling a strong and sustained trajectory of appreciation. This is a rare opportunity to acquire a high-quality, professionally managed income property with a clear path to significant future returns. A perfect addition to any investment portfolio, it is a stable asset in the middle of a major urban renaissance.
Full Property Details
Full Property Details for 1534 E Marquette Rd
General
- Price: $1,460,000
- HOA FEE: $8,429
- Taxes: $9,648 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12457767
- Updated: 10/23/2025
- Added to Site: 142 day(s) ago
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: Stony Island to 66th (AKA Marquette). 500 Feet West to property.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas, Individual Furnaces
Utilities
- Trash: 2531
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Year Built: 1907
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 50 x 125
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $8,429
- Insurance Fee: $5,760
- Operating Expenses: $30,990
- Assessment Year: 1907
- Tax Amount: $9,648
- Tax Year: 2023
- Pays Electric: 453
- Pays Trash: 2531
Disclosures and Reports
- Property ID: 20232210230000
Listed by Exit Strategy Realty / EMA Management
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Schools
Schools serving 1534 E Marquette Rd
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Wadsworth PreK-8th STEM School 6650 South Ellis Avenue, Chicago, IL 60637 | PK-8 | 0.7 mi |
Hyde Park Academy High School 6220 South Stony Island Avenue, Chicago, IL 60637 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1534 E Marquette Rd
Date
Details
Price
Change
Source
8/28/2025
Listed
$1,460,000
202.9%
MLS
10/07/2014
Sold
$482,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1534 E Marquette Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,288
3%
$39,141
—
2022
$8,051
2%
$39,141
—
2021
$7,871
44%
$39,141
59%
2020
$5,479
-1%
$24,597
-11%
2019
$5,553
2%
$27,638
—
2018
$5,459
—
$27,638
10%
2017
$5,433
7%
$25,240
—
2016
$5,055
9%
$25,240
—
2015
$4,625
-9%
$25,240
-8%
2014
$5,067
2%
$27,309
—
2013
$4,967
1%
$27,309
—
2012
$4,900
—
$27,309
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1534 E Marquette Rd
1534 E Marquette Road, Chicago, IL 60637 (MLS# 12457767) is a Commercial property. 1534 E Marquette Road is currently listed for $1,460,000 and was received on August 28, 2025. Want to learn more about 1534 E Marquette Road? Do you have questions about finding other Commercial real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.

