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    5118 S Marshfield Ave Chicago, IL 60609

    Under Contract
    For Sale
    $349,900

    Commercial Sale - Chicago, IL

    Property size:
    4,870 SF
    Days on Market:
    54
    Last Refresh:
    Dec 12 at 7:06 am

    Property Features for 5118 S Marshfield Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    20074060310000
    Size
    4,870 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1904
    Number of units
    5
    Roof type
    Tar/Gravel
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Gustavo Ruvalcaba (888) 574-9405 License #475175238

    Listing date Oct 20, 2025

    MLS# 12477563 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

    Greystone 5-Unit Building with Lot

    This solid greystone building in Chicago features five units, with two apartments per floor and a garden unit. Each unit offers hardwood floors and forced-air heating. The property includes a fenced, secure yard. A second lot is included (PIN: 20074060300000 at 5116 S. Marshfield). The total lot square footage reflects both parcels. The property is suitable for owner-occupants looking to live in one of the larger units while generating rental income from the other four units. It also presents a strong cash-flowing opportunity for investors with the potential to increase rents. The building's classic greystone construction offers long-term value. The property size is 4870 square feet.
    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
    -87.6663415
    Latitude
    41.8007091

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    FAQs

    What type of property is this?
    Apartment building - Solid greystone building featuring five units and an included side lot.
    Where is this apartment building located?
    The property is located at 5118 S Marshfield Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Rare opportunity: Includes a separate side lot (PIN: 20074060300000 at 5116 S. Marshfield) offering diverse potential.; - Solid greystone construction with five total units providing immediate rental income.; - Each unit features hardwood floors and forced-air heating.
    (888) 574-9405
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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
    5118 S Marshfield Ave Chicago, IL 60609
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