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$245,000
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Property Description
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.
Full Property Details
Full Property Details for 5118 S Marshfield Ave
General
- Sold For: $245,000
- Taxes: $3,221 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12477563
- Added to Site: 159 day(s) ago
Location
- Area: CHI - New City
- County: Cook
- Driving Directions: ASHLAND TO 51ST WEST TO PAULINA, SOUTH TO 52ND, EAST TO MARSHFIELD, NORTH TO 5118
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter
- Roof: Tar/Gravel
- Stories/Levels: 2
- Square Feet: 4,870
- Current Bldg. Use: Multi-Family
- Year Built: 1904
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 6,250
- Lot Dimensions: 50 x 125
- Frontage: City Street
- Potential Use: Condominium
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $8,300
- Assessment Year: 1904
- Tax Amount: $3,221.55
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 20074060310000
Listed by eXp Realty
Sold by Black Label Realty Co.
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Schools
Schools serving 5118 S Marshfield Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Fulton Elementary School, Chicago, IL 5300 South Hermitage Avenue, Chicago, IL 60609 | PK-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5118 S Marshfield Ave
Date
Details
Price
Change
Source
2/11/2026
Sold
$245,000
-29.98%
MLS
9/22/2025
Listed
$349,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5118 S Marshfield Avenue, Chicago, IL 60609 (MLS# 12477563) is a Commercial property that was sold at $245,000 on February 11, 2026. Want to learn more about 5118 S Marshfield Avenue? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

