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Vacant Apartment Building
For Sale
$700,000

8155 S Marshfield Avenue, Chicago, IL 60620

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market39

Property Features for 8155 S Marshfield Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 18
Bathrooms 18
Full bathrooms 18
Rooms Bedroom 3, Bathroom 6, Bathroom 13, Bedroom 6, Bedroom 13, Bedroom 2, Bedroom 14, Bedroom 7, Bathroom 18, Bathroom 7, Bathroom 16, Bedroom 15, Bathroom 2, Bathroom 9, Bathroom 4, Bathroom 3, Bedroom 18, Bathroom 10, Bedroom 9, Bedroom 11, Bathroom 8, Bedroom 17, Bedroom 4, Bathroom 14, Bedroom 10, Bedroom 8, Bedroom 16, Bathroom 5, Bathroom 1, Bathroom 17, Bedroom 1, Bedroom 5, Bathroom 12, Bathroom 11, Bathroom 15, Bedroom 12
Directions Starting from downtown Chicago, take I-90/I-94 East toward Indiana. Take the 79th Street exit and head west on W. 79th Street. Continue for approximately 1.5 miles, then turn left onto S. Marshfield Avenue. Continue south for about two blocks. The property at 8155 S. Marshfield Avenue will be on your right.
Subdivision CHI - Auburn Gresham
Standard status Active
APN 20312230170000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 15952

Building Details

Year built 1926
Floors in Building 4
Number of units 18
Listing Agency: 33 Realty
Listed By: Brian Mond · License #478007026
Added: Jul 21 Changed: Aug 20 Last Checked: Aug 28 at 2:06AM
MLS# 12711687

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 18-unit apartment building, constructed in 1926, is fully vacant following fire damage and requires a complete gut rehabilitation. Each residence is configured as a one-bedroom, one-bathroom unit, providing a consistent layout throughout the property. With no occupants in place, construction planning can proceed without tenant relocation or lease-buyout requirements.

The property is located near 82nd Street and Ashland Avenue in Chicago’s Auburn Gresham area. Access to the 90/94 Expressway connects the site with downtown and the South Side, while CTA bus service operates through the surrounding area. Dan Ryan Woods and Foster Park provide nearby outdoor destinations, and retail corridors along Ashland Avenue and 79th Street serve everyday needs.

Key Highlights

  • 18‑unit apartment building with a one‑bedroom, one‑bathroom layout in every unit
  • Fully vacant property following fire damage
  • Complete gut rehabilitation required, allowing control over finishes and building systems

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

873
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fire-damaged multifamily property offers a fully vacant platform for comprehensive redevelopment and interior modernization.
Where is this apartment building located?
The property is located at 8155 S Marshfield Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 18‑unit apartment building with a one‑bedroom, one‑bathroom layout in every unit; Fully vacant property following fire damage; Complete gut rehabilitation required, allowing control over finishes and building systems
More about this property
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