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$565,000
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Property Description
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). Owner will consider seller financing.
Full Property Details
Full Property Details for 5656 S Marshfield Ave
General
- Price: $565,000
- Taxes: $9,705 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12383178
- Updated: 12/16/2025
- Added to Site: 120 day(s) ago
Location
- Area: CHI - West Englewood
- County: Cook
- Township: Lake
- Driving Directions: I-94 TO 55th ST {Garfield Exit } West Left onto Ashland Rt on 56 TH & RT on Marshfield 2 BLDG
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Water: Municipal Water
- Onsite: Sewer Connected
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Block, Brick/Mortar, Stone
- Roof: Tar/Gravel
- Stories/Levels: 2
- Square Feet: 7,788
- Current Bldg. Use: Multi-Family
- Year Built: 1909
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,092
- Lot Dimensions: 124 x 49
- Frontage: City Street
- Potential Use: Condominium, Multi-Family, Elderly Housing
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,600
- Assessment Year: 1909
- Tax Amount: $9,705.35
- Tax Year: 2023
- Tenant Pays: None
Disclosures and Reports
- Property ID: 20182140450000
Listed by M Property Group LLC
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Schools
Schools serving 5656 S Marshfield Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Langford A Elementary School 6010 South Throop Street, Chicago, IL 60636 | K-8 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5656 S Marshfield Ave
Date
Details
Price
Change
Source
9/18/2025
Listed
$565,000
22.83%
MLS
12/27/2021
Sold
$460,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5656 S Marshfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,705
-21%
$45,999
-23%
2022
$12,251
2%
$59,564
—
2021
$11,978
42%
$59,564
57%
2020
$8,444
251%
$37,905
217%
2019
$2,404
2%
$11,966
—
2018
$2,364
89%
$11,966
5%
2017
$1,253
-45%
$11,372
—
2016
$2,278
9%
$11,372
—
2015
$2,084
-1%
$11,372
—
2014
$2,110
2%
$11,372
—
2013
$2,068
1%
$11,372
—
2012
$2,041
—
$11,372
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5656 S Marshfield Ave
5656 S Marshfield Avenue, Chicago, IL 60636 (MLS# 12383178) is a Commercial property. 5656 S Marshfield Avenue is currently listed for $565,000 and was received on September 18, 2025. Want to learn more about 5656 S Marshfield Avenue? Do you have questions about finding other Commercial real estate for sale in West Englewood? You can browse all West Englewood real estate or contact a Coldwell Banker agent to request more information.

