3751 N Marshfield Ave | Chicago, IL 60613
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3751 N Marshfield Ave
Chicago, IL 60613
Residential Property For Sale · 14 Units
Investment Highlights
- Family Neighborhood
- Exposed Brick Walls
- Food, Retail Within Walking Distance
- Public Transportation Easily Accessible
Executive Summary
This gorgeous 14-unit building in the heart of Lakeview stands out for its clean lines and a great location. Located on the corner of Grace & Marshfield offers boosts an updated roof, newer windows, and an excellent value add opportunity with high upside. The location of this building is one block from Ashland Avenue in a neighborhood that is perfect for almost any type of tenant. The masonry-constructed building with brick veneer that was built in 1929 has stood the test of time and allowed it to become a classic neighborhood structure. Located across from a park and walking distance to everything you'll need as a resident.
Originally built in 1914 for Federal Leagues Chicago Whales, Wrigley Field is one the oldest still-operating stadiums in the MLB. It was renamed Wrigley Field in 1926 by then-owner William Wrigley Jr., a chewing gum manufacturer. Of course, there's more to Lakeview than baseball. From the luxury high-rise apartments along Lake Shore Drive to the tree-filled streets and single-family homes in Graceland West, there's something for everyone in Lakeview. This large neighborhood consists of several smaller enclaves, including Wrigleyville, Boys town, and North Halsted. Lakeview features several theaters, such as the Music Box Theater and the Playground Theater, as well as music venues and shops. On the south end of the neighborhood, Lincoln Park is home to the Lincoln Park Zoo, a nine-hole golf course, a dog beach, and jogging trails.
Originally built in 1914 for Federal Leagues Chicago Whales, Wrigley Field is one the oldest still-operating stadiums in the MLB. It was renamed Wrigley Field in 1926 by then-owner William Wrigley Jr., a chewing gum manufacturer. Of course, there's more to Lakeview than baseball. From the luxury high-rise apartments along Lake Shore Drive to the tree-filled streets and single-family homes in Graceland West, there's something for everyone in Lakeview. This large neighborhood consists of several smaller enclaves, including Wrigleyville, Boys town, and North Halsted. Lakeview features several theaters, such as the Music Box Theater and the Playground Theater, as well as music venues and shops. On the south end of the neighborhood, Lincoln Park is home to the Lincoln Park Zoo, a nine-hole golf course, a dog beach, and jogging trails.
PROPERTY FACTS
| Price Per Unit | £240,164 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 8.94% | Lot Size | 0.14 AC |
| No. Units | 14 | Building Size | 18,000 SF |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 1929 |
| Price Per Unit | £240,164 |
| Sale Type | Investment |
| Net Initial Yield | 8.94% |
| No. Units | 14 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 18,000 SF |
| Number of Floors | 4 |
| Year Built | 1929 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 1,000 |
| 2+1 | 6 | - | 1,200 |
| 3+1 | 2 | - | 1,200 - 1,250 |
| 3+2 | 1 | - | 1,650 |
| 4+2 | 1 | - | 1,800 |
PROPERTY TAXES
| Parcel Number | 14-19-224-001-0000 | Improvements Assessment | £130,003 |
| Land Assessment | £74,540 | Total Assessment | £204,543 |
PROPERTY TAXES
Parcel Number
14-19-224-001-0000
Land Assessment
£74,540
Improvements Assessment
£130,003
Total Assessment
£204,543
zoning
| Zoning Code | RS-3 (Residential Single-Unit District) |
| RS-3 (Residential Single-Unit District) |
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