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Two-Flat Greystone Building
For Sale
Contact for pricing

5406 S May Street, Chicago, IL 60621

Two tenant-occupied units offer in-unit laundry and updated kitchen finishes.

Property SizeContact for details
Days on Market22

Property Features for 5406 S May Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily
Zoning MULTI

Units

Unit Mix 1 x 4BR, 1 x 3BR
Multifamily Units 2

Amenities

washer/dryer in unit
central air

Building Details

Year Built 1909
Buildings 1
Construction Greystone
Listing Agency: RE/MAX Premier
Listed By: Howard Thomas · License #471019584
Source: Crexi
Added: Jul 31 Changed: Aug 18 Last Checked: Aug 20 at 11:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Premier

Investment Insights

Based on property information with market context.

This two-flat Greystone building, constructed in 1909, contains a 3-bedroom first-floor unit and a 4-bedroom second-floor unit, both leased to tenants. Recent improvements include quartz countertops, 42-inch white cabinets, and in-unit washer and dryer connections. The first floor also has central air conditioning. A newer roof and newer rear parking pad add to the property's physical improvements.

The basement remains unfinished and includes ingress and egress, creating the possibility for additional living space or a duplex-down configuration. The property is zoned MULTI and is being offered with existing tenancy in both apartments.

Key Highlights

  • Two‑flat Greystone building with 3‑bedroom first‑floor and 4‑bedroom second‑floor units
  • Built in 1909; zoning is MULTI
  • Quartz countertops and 42‑inch white cabinets

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two tenant-occupied units offer in-unit laundry and updated kitchen finishes.
Where is this duplex located?
The property is located at 5406 S May Street Chicago, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑flat Greystone building with 3‑bedroom first‑floor and 4‑bedroom second‑floor units; Built in 1909; zoning is MULTI; Quartz countertops and 42‑inch white cabinets
(312) 671-7600 Call to check price and availability
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