5118 S MARSHFIELD AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60609
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,870 sqft
Price per Sqft $71
MLS Listing ID 12477563
Maintenance Fees $2,400
Year Built 1904
Annual Tax Amount $3,221
Tax Year 2023
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
Solid Greystone 5-Unit Building with Side Lot This solid greystone is a rare find, offering five total units with two apartments per floor and a spacious garden unit below. Each unit is generous in size and features hardwood floors throughout along with forced-air heating, giving tenants both comfort and style. The layouts are practical, open, and easy to rent, making this a smart investment that already sets itself apart. The property sits on a fenced, secure yard, adding peace of mind for both residents and owners. What makes this opportunity even more appealing is that it comes with a second lot included (PIN: 20074060300000 at 5116 S. Marshfield). That side lot offers endless potential-whether you use it for entertaining, outdoor gatherings, a private relaxation space, additional parking, or even consider future expansion. The total lot square footage reflects both parcels, giving you more land than the typical building in the area. For someone looking to live in the property, you could occupy one of the larger units and have the other four producing steady rental income to cover expenses and build equity. For a pure investor, this is a strong cash-flowing building with room to increase rents and maximize returns. The classic greystone construction is timeless and durable, adding long-term value to your portfolio. With five total units, hardwood floors in every apartment, modern forced-air systems, a secured yard, and a rare second lot included, this property checks all the boxes for both investors and owner-occupants who want more space, more income, and more opportunity. Buildings with this much potential, land, and flexibility don't come around often-and when they do, they don't last long.
Location
State IL
County Cook
Area Chi - New City
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Tar/Gravel
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Stone