5656 S Marshfield Avenue Chicago, IL $ 565,000
5656 S Marshfield Avenue
$ 565,000
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5656 S Marshfield Avenue

Chicago, IL, 60636
$ 565,000
Baths0.0 Sq 7,788

Monthly Estimate*

$ 3,525

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Studio

Multi-Family Home for sale in Chicago, IL

for $565,000. This 7,788 square foot home was built in 1909 on a lot size of 0.14.

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).

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Multi-Family Active

Price

$ 565,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,705

Style

Multi-Family

Lot Size

0.14

Year Built

1909

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12383178

Features
General
Cooling None
Utilities Sewer Connected
Possession Closing
Roof Tar/Gravel
Zoning MULTI
Construction Materials Brick
Year Built 1909
Electric Circuit Breakers
Tenant Pays None
Stories Count 2
Township Lake
Tax Year 2023
Current Use Multi-Family
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 5600
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Multi-Family
Status Active
Directions I-94 TO 55th ST {Garfield Exit } West Left onto Ashland Rt on 56 TH & RT on Marshfield 2 BLDG
City Chicago
Number Of Units Total 8
MLS Area CHI - West Englewood
Lot Size Square Feet 6092
Tax Annual Amount 9705.35
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Interior
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Block Brick/Mortar Stone
Building Area Total 7788
Lot Dimensions 124 X 49
Lot Size Acres 0.14
Frontage Type City Street
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* Excluded Features
List By
M Property Group Llc

Broker

mike@mfcashflow.com

Email

Affordability Calculator

$4,334
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,525
Monthly Property Taxes
$809
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2025$565,000 Listed Price

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5656 S Marshfield Avenue, Chicago, IL, 60636 is a Multi-Family Home for sale at $565,000 with 7,788 sqft and a lot size of 0.14. 5656 S Marshfield Avenue is a studio with 0.0 baths and was built in 1909. The property's zip code is 60636 which is in Chicago, IL