5656 South Marshfield Avenue, Chicago, IL

$565,000

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0.14

Acres

About 5656 South Marshfield Avenue

Excellent opportunity to own a 8-unit multifamily property with lots of CashFlow. Separately metered utilities. The building features a mix of (4) units with 5 rooms, 2 beds, 1 bath and (4) units with 4 rooms, 2 beds, 1 bath, totaling 9 rooms, 16 bedrooms, and 8 full bathrooms. Gas furnaces and electric meters are separate for each unit, with tenants responsible for their own gas and electric. Back building includes a separate water heater, also paid by the tenant. Building electricity is minimal at approximately $30/month. All windows were replaced in 2016. Roof is approximately 15 years old. No central AC - window units provided by tenants. No garage on site. This is a well-structured property with great upside for investors seeking strong rental income and minimal landlord-paid utilities. *The property taxes do not represent a Homeowner Exemption.* Note: The units identified as: 5656 S Marshfield Ave (Units 1N & 2N), 5658 S Marshfield Ave (Units 1S & 2S), 1638 W 57th St (Units 1E & 2E), and 1640 W 57th St (Units 1W & 2W).

Features of 5656 South Marshfield Avenue

MLS® # 12383178
Price $565,000
Bathrooms 0.00
Acres 0.14
Year Built 1909
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 5656 South Marshfield Avenue
Area CHI - West Englewood
City Chicago
County Cook
State IL
Zip Code 60636

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Tar/Gravel
Foundation Block, Brick/Mortar, Stone

Additional Information

Days on Market 31
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeM Property Group LLC
Contact Info630-518-4511

Listing Map

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