Date
Details
Price
Change
Source
11/12/2025
Listed
$255,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$255,000
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Property Description
This 2-unit apartment building, offered as part of an estate sale and sold strictly as-is, presents an excellent value-add opportunity for investors or owner-occupants with vision. Each unit features two spacious bedrooms, original hardwood flooring, and recently updated bathrooms, providing a solid foundation for further improvements. While some additional work is still needed, the building's strong structure and desirable layout make it an attractive option with significant long-term upside. With the right finishing touches, this property has the potential to become a true income-producing gem in a highly sought-after multi-unit property
Full Property Details
Full Property Details for 7940 S Marshfield Ave
General
- Price: $255,000
- Taxes: $1,484 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12517057
- Updated: 11/19/2025
- Added to Site: 65 day(s) ago
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Township: Lake
- Driving Directions: South on Ashland to 80th Street West to Marshfield
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Steam, Radiant
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Full
- Year Built: 1922
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3150sf
Financial Considerations
- Assessment Year: 1922
- Tax Amount: $1,484
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20312060300000
Listed by Full Circle Real Estate Consulting LTD
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— 7940 S Marshfield Ave —
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Schools
Schools serving 7940 S Marshfield Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Joplin Elementary School 7931 South Honore Street, Chicago, IL 60620 | K-8 | 0.2 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 3.3 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 7940 S Marshfield Ave
Tax History
Tax History for 7940 S Marshfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,484
5%
$13,000
—
2022
$1,408
—
$13,000
—
2021
$1,409
21%
$13,000
20%
2020
$1,169
-5%
$10,833
-12%
2019
$1,233
-49%
$12,311
—
2018
$2,432
131%
$12,311
-11%
2017
$1,055
-45%
$13,856
—
2016
$1,918
-24%
$13,856
—
2015
$2,539
157%
$13,856
-1%
2014
$989
—
$14,003
—
2013
$993
7%
$14,003
—
2012
$929
—
$14,003
—
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 7940 S Marshfield Ave
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- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 3Total Baths
- 1,738Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,110Sq. Ft.
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![[Address not provided], Chicago, IL 60620 - Photo 1](https://m.cbhomes.com/p/156/12369378/4bD5f511eE3a42F/s23cc.webp)
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 1,291Sq. Ft.
Listed by Kayshonna Straughter
7940 S Marshfield Avenue, Chicago, IL 60620 (MLS# 12517057) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 7940 S Marshfield Avenue is currently listed for $255,000 and was received on November 12, 2025. Want to learn more about 7940 S Marshfield Avenue? Do you have questions about finding other Multi-Family real estate for sale in Auburn Gresham? You can browse all Auburn Gresham real estate or contact a Coldwell Banker agent to request more information.