7940 S Marshfield Avenue, Chicago, IL 60620 - Photo 1

1/1

$225,000

Sold
Closed
Multi-Family
4 Total Beds
2 Car Garage
Updated 5 days ago

1/1

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

Sold For: $225,000
Taxes: $1,484 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12629532
Added to Site: 107 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

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
Driving Directions: South on Ashland to 80th Street West to Marshfield

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Steam, Radiant

Utilities

Water: Lake Michigan

Structural Information

Construction: Brick
Exterior Const.: Brick
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

Disclosures and Reports

Ownership: Fee Simple
Property ID: 20312060300000

Listed by Full Circle Real Estate Consulting LTD
Sold by Redfin Corporation

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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7940 S Marshfield Ave

Date

Details

Price

Change

Source

8/04/2026

Sold

$225,000

-10%

MLS

5/01/2026

Listed

$250,000

—

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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7940 S Marshfield Avenue, Chicago, IL 60620 (MLS# 12629532) is a Multi-Family property that was sold at $225,000 on August 04, 2026. 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.

7940 S Marshfield Ave Chicago, IL 60620