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    4858 S May St Chicago, IL 60609

    Pending
    For Sale
    $199,000

    Commercial Sale - Chicago, IL

    Property size:
    1,424 SF
    Days on Market:
    30
    Last Refresh:
    Dec 10 at 1:06 pm

    Property Features for 4858 S May St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    MULTI
    APN
    20082040430000
    Size
    1,424 SF

    Building Details

    Year built
    1890
    Number of units
    5
    Architectural style
    Other

    RE/MAX MI CASA (773) 767-1616 [email protected]

    Listing agent Ubaldo Garcia (773) 767-1616 License #471001599

    Listing date Nov 11, 2025

    MLS# 12355593 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Multifamily Rehab Opportunity

    This legal 5-unit building in Chicago presents an opportunity for rehabbers and investors. The corner property includes a coach house and four additional units. The building requires work and is being sold AS-IS. The roof has been replaced on both the main building and the coach house. The property is located in Chicago, Illinois, within the 60609 postal code. The building has a MULTI zoning designation and a total size of 1424 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.654298
    Latitude
    41.805228

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    FAQs

    What type of property is this?
    Apartment building - Legal 5-unit building, perfect for rehabbers and investors.
    Where is this apartment building located?
    The property is located at 4858 S May St Chicago, IL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Legal 5-unit building; - Corner lot location; - Rehab or investment opportunity
    (773) 767-1616
    Request Owner's contact information
    4858 S May St Chicago, IL 60609
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4858 S May St Chicago, IL 60609
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