diff --git a/python/python-psi-impl/src/com/jetbrains/python/inspections/PyAugmentAssignmentInspection.java b/python/python-psi-impl/src/com/jetbrains/python/inspections/PyAugmentAssignmentInspection.java
index 68774238ca9c..a5c8216269ad 100644
--- a/python/python-psi-impl/src/com/jetbrains/python/inspections/PyAugmentAssignmentInspection.java
+++ b/python/python-psi-impl/src/com/jetbrains/python/inspections/PyAugmentAssignmentInspection.java
@@ -74,7 +74,7 @@ public final class PyAugmentAssignmentInspection extends PyInspection {
       final PyExpression target = node.getLeftHandSideExpression();
       final PyBinaryExpression value = PyUtil.as(node.getAssignedValue(), PyBinaryExpression.class);
 
-      if (target != null && value != null) {
+      if (target != null && value != null && node.getTargets().length == 1) {
         final PyExpression leftExpression = value.getLeftExpression();
         final PyExpression rightExpression = PyPsiUtils.flattenParens(value.getRightExpression());
 
diff --git a/python/testData/inspections/PyAugmentAssignmentInspection/notSuggestedForChainedTarget.py b/python/testData/inspections/PyAugmentAssignmentInspection/notSuggestedForChainedTarget.py
new file mode 100644
index 000000000000..241975434003
--- /dev/null
+++ b/python/testData/inspections/PyAugmentAssignmentInspection/notSuggestedForChainedTarget.py
@@ -0,0 +1,2 @@
+var = 1
+var = foo = var + 1
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/inspections/PyAugmentAssignmentInspectionTest.java b/python/testSrc/com/jetbrains/python/inspections/PyAugmentAssignmentInspectionTest.java
index 5b735e4e6a12..3bfa5cbf59bf 100644
--- a/python/testSrc/com/jetbrains/python/inspections/PyAugmentAssignmentInspectionTest.java
+++ b/python/testSrc/com/jetbrains/python/inspections/PyAugmentAssignmentInspectionTest.java
@@ -75,6 +75,9 @@ public class PyAugmentAssignmentInspectionTest extends PyInspectionTestCase {
     runWithLanguageLevel(LanguageLevel.PYTHON35, this::doTest);
   }
 
+  // PY-15985
+  public void testNotSuggestedForChainedTarget() { doTest(); }
+
   @NotNull
   @Override
   protected Class<? extends PyInspection> getInspectionClass() {