3751 N Marshfield Ave 14 Unit Apartment Building $4,150,000 ($296,429/Unit) Chicago, IL 60613

Triton presents the exclusive opportunity to acquire 3751-53 N. Marshfield, a thirteen (13) unit multi-family property, complemented by one (1) additional nonconforming 14th unit. Ideally located on the corner of Marshfield & Grace, in the heart of Chicago’s dynamic Lakeview / Wrigleyville neighborhood, this impressive building offers an attractive and diverse unit mix, featuring three (3) 1-bedroom/1- bathroom units, seven (7) 2-bedroom/1-bathroom units, two (2) 3-bedroom/1-bathroom units, one (1) 3-bedroom/2-bathroom duplex unit, and one (1) studio/1-bathroom unit, all boasting spacious floor plans. In order to satisfy current code violation, existing 4-bedroom unit needs to be reconverted into a 2-bedroom unit.
An investor has the ability to acquire a solid income-generating asset with value-add potential, including the ability to raise rents to market levels in their existing
condition and unlock additional value adding a legal 14th ADU market rate unit. Further strategic interior enhancements could optimize returns in this high-demand
market allowing a new investor to achieve a 7.16% cap rate post-stabilization.
The property is ideally positioned within walking distance to Lakeview and Wrigleyville’s premier retail, diverse dining, and vibrant entertainment along Clark Street, Addison Street, and the Southport Corridor. Residents also enjoy immediate access to the Addison and Sheridan CTA Red Line Stations and multiple bus stops. This offering provides investors a well-located, stabilized asset with substantial rental upside, capitalizing on one of Chicago’s most dynamic neighborhoods.