5118 S MARSHFIELD Avenue Chicago, IL $ 349,900
5118 S MARSHFIELD Avenue
$ 349,900
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5118 S MARSHFIELD Avenue

Chicago, IL, 60609
$ 349,900
Bedrooms10 Baths0.0 Sq 4,870

Monthly Estimate*

$ 2,183

5118 S MARSHFIELD Avenue, Chicago, IL 60609 - Image 1
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5118 S MARSHFIELD Avenue, Chicago, IL 60609 - Image 15

Multi-Family Home for sale in Chicago, IL

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.

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Multi-Family Contingent

Price

$ 349,900

Bedrooms

10

Property Type

Multi-Family

Taxes

$ 3,221

Style

Multi-Family

Year Built

1904

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12477563

Features
General
Cooling 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
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Interior
Basement Unfinished
Total Fireplaces 0
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 4870
Lot Dimensions 50X125
Lot Size Acres 0
Frontage Type City Street
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* Excluded Features
List By
Exp Realty

Broker

gus@thegrgroup.net;admin@theGRGroup.net

Email

Affordability Calculator

$2,451
Per Month
89%
11%
0%
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/24/2025$349,900 Listed Price

Map


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5118 S MARSHFIELD Avenue, Chicago, IL, 60609 is a Multi-Family Home for sale at $349,900 with 4,870 sqft. 5118 S MARSHFIELD Avenue has 10 bedrooms, 0.0 baths, and was built in 1904. The property's zip code is 60609 which is in Chicago, IL