5118 S MARSHFIELD Avenue
Chicago, IL, 60609 $ 349,900
Bedrooms10 Baths0.0 Sq 4,870 Monthly Estimate*
$ 2,183
for $349,900 with 10 bedrooms. This 4,870 square foot home was built in 1904.
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.
See more
FeaturesGeneralCooling Central Air
Roof Tar/Gravel
Zoning MULTI
Construction Materials Brick Stone
Year Built 1904
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories Count 2
Township South Chicago
Tax Year 2023
Current Use Multi-Family
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 8300
Insurance Expense 2592
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 2400
Status Contingent
Directions ASHLAND TO 51ST WEST TO PAULINA SOUTH TO 52ND EAST TO MARSHFIELD NORTH TO 5118
City Chicago
Number Of Units Total 5
MLS Area CHI - New City
Lot Size Square Feet 6250
Tax Annual Amount 3221.55
Electric Expense 1300
Fuel Expense 678
Trash Expense 0
Water Sewer Expense 250
Additional Parcels Y/N Y
Standard Status Active Under Contract
See more
InteriorBasement Unfinished
Total Fireplaces 0
See more
ExteriorFoundation Details Concrete Perimeter
Building Area Total 4870
Lot Dimensions 50X125
Lot Size Acres 0
Frontage Type City Street
See more
* Excluded FeaturesList Bygus@thegrgroup.net;admin@theGRGroup.netEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,183
- Monthly Property Taxes
- $268
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $615,846
Percent of Sale Price 76%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/24/2025 | $349,900 | | Listed Price |