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    5131 S May St Chicago, IL 60609

    Under Contract
    For Sale
    $220,000

    Residential Income - Chicago, IL

    Days on Market:
    85
    Last Refresh:
    Dec 10 at 11:06 pm

    Property Features for 5131 S May St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    20084010120000
    Parking
    1

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1875
    Roof type
    Asphalt, Flat
    Architectural style
    Other

    James Construction (847) 668-8042 [email protected]

    Listing agent Dimitris Mellos (312) 588-9046 License #471007653

    Listing date Sep 17, 2025

    MLS# 12461428 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 Residential Income Property

    This property features a brick two-flat building with an additional coach house, providing a total of three rental units. Each unit includes three bedrooms and one bathroom. The property has separate utilities and hot water heaters for each unit. A washer and dryer are located in the basement. This property presents an investment or live-in opportunity.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -87.6535665
    Latitude
    41.8006017

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    FAQs

    What type of property is this?
    Triplex - Three rental units in Chicago's 60609 ZIP code.
    Where is this triplex located?
    The property is located at 5131 S May St Chicago, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Three rental units (2-flat + coach house) offer strong income potential.; - Each unit features 3 bedrooms and 1 bathroom.; - Separate utilities for each unit simplify management and billing.
    (312) 588-9046
    Request Owner's contact information
    5131 S May St Chicago, IL 60609
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    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
    5131 S May St Chicago, IL 60609
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