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$1,699,000 Just Listed
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Property Description
A unique opportunity to own a six-unit property in the heart of Chicago's East Village neighborhood. The property features a beautiful brick four-unit building complemented by a separate two-unit coach house tucked in the back, offering a distinctive mix of vintage character, functional layouts, and a strong rental potential. The property includes four 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and one studio. The units retain their vintage charm and character, while the kitchens in the main building have been renovated to provide modern functionality. The location also does a lot of heavy lifting - restaurants, cafes, and shops just steps from the front door, with the blue line just a few blocks away for an easy commute downtown and beyond. This is the neighborhood people want to live in, and the kind of location that continues to attract renters. Even better? All six units are currently rented below market value, given a clear opportunity to grow rental income over time. Whether you are looking to add a distinctive property to your portfolio, take advantage of existing rental demand, or unlock the upside in a well-located asset, this one has plenty to work with.
Full Property Details
Full Property Details for 862 N Marshfield Ave
General
- Price: $1,699,000
- HOA FEE: $4,200
- Taxes: $24,992 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12764493
- Updated: 9/21/2026
- Added to Site: 5 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Chicago to Marshfield, north to property
Heating & Cooling
- Cooling Type: Central Individual, Window Unit(s)
- Heating Type: Forced Air
Utilities
- Trash: 2000
Structural Information
- Construction: Brick, Frame
- Exterior Const.: Brick, Frame
- Stories/Levels: 3
- Year Built: 1891
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 5
Lot Features
- Lot Dimensions: 26 x 130
Financial Considerations
- Maint. Fee: $4,200
- Insurance Fee: $4,800
- Operating Expenses: $52,311
- Assessment Year: 1891
- Tax Amount: $24,992
- Tax Year: 2025
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 20
- Pays Trash: 2000
Disclosures and Reports
- Property ID: 17064310240000
Listed by Cross Street Real Estate
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Schools
Schools serving 862 N Marshfield Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Talcott Elementary School 1840 West Ohio Street, Chicago, IL 60622 | K-8 | 0.5 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.1 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 862 N Marshfield Ave
Date
Details
Price
Change
Source
9/21/2026
Listed
$1,699,000
64.95%
MLS
3/22/2017
Sold
$1,030,000
—
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 862 N Marshfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$24,181
-7%
$120,000
-2%
2023
$25,999
3%
$122,856
—
2022
$25,269
-24%
$122,856
-26%
2021
$33,164
86%
$164,919
106%
2020
$17,869
—
$80,212
-10%
2019
$17,906
-3%
$89,126
-5%
2018
$18,530
-14%
$93,805
-6%
2017
$21,444
2%
$99,616
-5%
2016
$21,001
9%
$104,855
—
2015
$19,214
34%
$104,855
36%
2014
$14,354
2%
$77,366
—
2013
$14,071
1%
$77,366
—
2012
$13,883
—
$77,366
—
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 862 N Marshfield Ave
862 N Marshfield Avenue, Chicago, IL 60622 (MLS# 12764493) is a Commercial property. 862 N Marshfield Avenue is currently listed for $1,699,000 and was received on September 21, 2026. Want to learn more about 862 N Marshfield Avenue? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.

