Chicago, IL 60613 3751 N Marshfield Avenue
$4,150,000



6 more






Presented By: Triton Realty Group LLC
Home Details
LAKEVIEW / WRIGLEYVILLE VALUE-ADD OPPORTUNITY! Investor's dream asset positioned on the corner of Marshfield & Grace in one of Chicago's most dynamic and high-demand neighborhoods. This impressive multi-family building currently features 13 units plus one additional non-conforming garden studio, totaling 14 spacious units. The diverse unit mix includes one, two, and three-bedroom apartments. The property offers an excellent value-add play with significant upside potential. Investors can realize high returns through strategic management, raising current below-market rents to market levels in existing condition, or improving to further maximize rental income via a cosmetic update to the units. Residents benefit from exceptional walkability to Wrigley Field, Lake Michigan, premier retail, and a vibrant dining scene along the Southport Corridor, Clark Street, and Addison Street. Transit access is superb, with the Addison and Sheridan CTA Red Line Stations, Irving Park and Addison Brown Line Stations and multiple bus stops just steps away. This is a stabilized asset with significant potential, capitalizing on a prime Lakeview location.
Presented By: Triton Realty Group LLC
General for 3751 N Marshfield Avenue
Additional Parcels Y/NNo
Cap Rate4.12
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
DirectionsW Grace and N Marshfield, right off of Ashland
ElectricSeparate Meters
Electric Expense2644
Fuel Expense14247
Gross Income292140
Insurance Expense12294
Lot Size Square Feet6028
MLS AreaCHI - Lake View
MaintenanceExpense7357
Net Operating Income170890
Number Of Units Total13
Operating Expense123556
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount46583
Tax Year2023
Tenant PaysElectricity
TownshipLake View
Trash Expense5797
Water Sewer Expense7038
Year Built1929
ZoningMULTI
Exterior for 3751 N Marshfield Avenue
Building Area Total15449
Lot Dimensions50x120
Lot Size Acres0.13
Additional Details
Price History

SQFT • 15,449