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Multifamily

1620 North Marshfield Avenue

1620 N Marshfield Ave, Chicago, IL 60622

Listing Price: $1,600,000

Cap Rate
5.89%
Number of Units
6
GRM
11.01
Price/Unit
$266,667
Price/Gross SF
$267.56
Gross SF
5,980

Investment Overview

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 six multifamily units totaling approximately 5,200 rentable square feet (5,980 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:
• TWO STUDIO UNITS
• TWO ONE-BEDROOM / ONE-BATHROOM UNITS
• TWO TWO-BEDROOM / ONE-BATHROOM UNITS
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

Exclusively Listed By

  • Kyle Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Multifamily

1620 North Marshfield Avenue

Listing Price: $1,600,000

Cap Rate
5.89%
Number of Units
6
GRM
11.01
Price/Unit
$266,667
Price/Gross SF
$267.56
Gross SF
5,980

Investment Highlights

  • Prime Bucktown Location
  • Value-Add Potential through Rental Increases and Management Efficiency
  • Durable Rental Demand and Limited New Supply

Investment Overview

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 six multifamily units totaling approximately 5,200 rentable square feet (5,980 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: • TWO STUDIO UNITS • TWO ONE-BEDROOM / ONE-BATHROOM UNITS • TWO TWO-BEDROOM / ONE-BATHROOM UNITS 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.

Exclusively Listed By

  • Kyle Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

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