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    5656 S Marshfield Ave Chicago, IL 60636

    For Sale
    $565,000

    Commercial Sale - Chicago, IL

    Property size:
    7,788 SF
    Lot size:
    0.14 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 5656 S Marshfield Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    20182140450000
    Size
    7,788 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    1909
    Number of units
    8
    Roof type
    Tar/Gravel
    Architectural style
    Other

    M Property Group LLC (630) 846-0133 [email protected]

    Listing agent Michael Fisher (630) 518-4511 License #475182456

    Listing date Oct 3, 2025

    MLS# 12383178 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Multifamily Investment Opportunity

    This is an eight-unit multifamily property offering an investment opportunity. The building contains a mix of four units with five rooms, two bedrooms, and one bathroom, and four units with four rooms, two bedrooms, and one bathroom, totaling 9 rooms, 16 bedrooms, and 8 full bathrooms. Each unit has separate gas furnaces and electric meters, with tenants responsible for their own gas and electric bills. The back building has a separate water heater, also paid by the tenant. Building electricity costs are approximately $30 per month. All windows were replaced in 2016, and the roof is approximately 15 years old. There is no central AC; tenants provide their own window units. There is no garage on site. The property is situated on a 0.14-acre lot. The property taxes do not represent a Homeowner Exemption. The units are located at 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).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gio's Painting Painting

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6660677
    Latitude
    41.7905378

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in Chicago with strong rental income potential.
    Where is this apartment building located?
    The property is located at 5656 S Marshfield Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: - Strong cash flow potential from 8-unit multifamily property.; - Separately metered utilities (gas and electric) for each unit, paid by tenants.; - Mix of 2-bedroom units provides diverse rental options.
    (630) 518-4511
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5656 S Marshfield Ave Chicago, IL 60636
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