5656 S Marshfield Avenue, Chicago, IL 60636

• 7,788 sqft

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).

Listing Status:

Active

Listing Office:

M Property Group LLC : 815-836-6896

Listing Agent:

Michael Fisher : 815-836-6896

MLS ID:

12383178

Interior

• A/C: None
• Fireplace: Fireplaces: 0

Construction

• Roofing: Tar/Gravel
• General: BlockBrick/MortarStone

Location

• Road/Access: City Street
• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI20182140450000
• Current Use: Multi-Family

Utilities

• Utilities: Sewer ConnectedCircuit Breakers
• Water: Municipal Water

Financial

• Source: mred

This listing courtesy of Michael Fisher, M Property Group LLC