5118 S Marshfield Ave Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $2,103/month
About This Home
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.
Listing Agent
eXp Realty Brokerage Phone: (708) 491-9432 License #475175238 Listed on: 09/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,222
Year Built
- Built in 1904
Lot Details
- 6,250 Sq Ft Lot
- Lot Dimensions are 50x125
- Additional Parcels
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Stone Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,870 Sq Ft Home
- 2-Story Property
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $1,300
- Fuel Expense $678
- Insurance Expense $2,592
- Maintenance Expense $2,400
- Other Expense $600
- Water Sewer Expense $250
- Operating Expense $8,300
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/18/2025 10/18/25 | Pending | -- | -- | -- |
| 09/22/2025 09/22/25 | For Sale | $349,900 | -- | $72 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12477563
APN: 20-07-406-031-0000
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