Chicago, IL 60613,3751 N Marshfield AVE
Chicago, IL 60613,3751 N Marshfield AVE
Chicago, IL 60613,3751 N Marshfield AVE
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$4,150,000
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15,449 SqFt
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3751 N Marshfield AVE Chicago, IL 60613

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 15,449 sqft

Price per Sqft $268

MLS Listing ID 12515144

Maintenance Fees $7,357

Year Built 1929

Annual Tax Amount $46,583

Tax Year 2023

Lot Size 5,662 Sqft

Lot Dimensions 50x120

Property Sub-Type Multi Family 5+

Property Description

LAKEVIEW / WRIGLEYVILLE VALUE-ADD OPPORTUNITY! Investor's dream asset positioned on the corner of Marshfield & Grace in one of Chicago's most dynamic and high-demand neighborhoods. This impressive multi-family building currently features 13 units plus one additional non-conforming garden studio, totaling 14 spacious units. The diverse unit mix includes one, two, and three-bedroom apartments. The property offers an excellent value-add play with significant upside potential. Investors can realize high returns through strategic management, raising current below-market rents to market levels in existing condition, or improving to further maximize rental income via a cosmetic update to the units. Residents benefit from exceptional walkability to Wrigley Field, Lake Michigan, premier retail, and a vibrant dining scene along the Southport Corridor, Clark Street, and Addison Street. Transit access is superb, with the Addison and Sheridan CTA Red Line Stations, Irving Park and Addison Brown Line Stations and multiple bus stops just steps away. This is a stabilized asset with significant potential, capitalizing on a prime Lakeview location.

Location

State IL

County Cook

Area Chi - Lake View

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick


Midwest Real Estate Data (MRED) IDX
Listed by Harrison Cohen of  Triton Realty Group LLC 

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Dennis & Karen

Dennis & Karen

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3751 N Marshfield AVE