1620 North Marshfield Avenue — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60622

Photos

1620 North Marshfield Avenue — Sale in Chicago, IL, photo 1 of 2
1620 North Marshfield Avenue — Sale in Chicago, IL, photo 2 of 2

Investment Figures

Cap rate
6.13%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

OVERVIEW 1620 North Marshfield Avenue is a well-located multifamily property in Chicago’s Bucktown neighborhood, situated near the Milwaukee/North/Damen commercial hub and within walking distance of the Blue Line, the 606 Trail, and the Clybourn Metra stop. The property’s central Bucktown location offers residents exceptional access to shopping, dining, and multiple transit options. The asset comprises 6 multifamily units totaling approximately 4,300 rentable square feet (4,945 gross building area). The unit mix spans studio, one-bedroom, and two-bedroom layouts, providing ownership with a diversified income stream and broad market appeal. Unit Mix The residential component features a varied mix tailored to a broad range of renters: • 2 STUDIO UNITS • 1 ONE-BEDROOM / ONE-BATHROOM UNIT • 1 ONE-BEDROOM + DEN / ONE-BATHROOM UNIT • 1 TWO-BEDROOM / TWO-BATHROOM UNIT • 1 TWO-BEDROOM DUPLEX / TWO-BATHROOM UNIT NEIGHBORHOOD & LIFESTYLE APPEAL Bucktown is one of Chicago’s most established and in-demand North Side neighborhoods, known for its historic charm, thriving retail corridors, and proximity to the 606 Trail and Wicker Park. The neighborhood’s walkability, strong transit access, and continually evolving dining and entertainment scene support sustained renter demand across a wide range of household types. INVESTMENT RATIONALE 1620 North Marshfield offers investors a diversified, centrally located multifamily asset in one of Chicago’s most resilient North Side submarkets. The property’s varied unit mix broadens its renter appeal, while its proximity to major transit and retail amenities supports a durable, long-term ownership thesis in a supply-constrained market. Investment Highlights: • Prime Bucktown Location • Value-Add Potential through Rental Increases and Management Efficiency • Durable Rental Demand and Limited New Supply

Market Context

This multifamily in Chicago, IL is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Contact

Explore this market

Similar Multifamily Property for Sale in Chicago, IL