Active Under Contract

$650,000

4823 INDIANA Avenue, Chicago, IL 60615
8 Beds3 Baths54 days
4823 INDIANA Avenue·Chicago, IL 60615
8Bedrooms
3Bathrooms
1895Year Built
About This Home

Investment grade 3-unit brick and stone multi-family building in Chicago's historic Bronzeville neighborhood. This gated 3-flat offers approximately 8 bedrooms and 3 bathrooms across three separate units; ideal for rental portfolio builders, house hackers, and owner-occupants seeking flexible South Side Chicago real estate with immediate cash-flow potential and long-term value-add upside. Each unit provides spacious living quarters, giving the next owner the flexibility to lease all three units for full rental income, occupy one unit while collecting rents to assist or cover the mortgage, or configure the property for a multi-generational living arrangement. Recent capital improvements include a new roof and a completely rebuilt back porch and deck system, reducing near-term repair exposure for incoming investors. The finished walk-out basement adds usable square footage suited for tenant storage, future expansion, or a recreation room, a built-in value-add lever for the next owner. Outside, a fully fenced backyard provides private outdoor space for gatherings, gardening, or tenant amenity appeal. A detached 2.5 car garage offers covered parking and additional storage a premium feature in dense Chicago multi-family inventory. Located in Bronzeville on Chicago's South Side, the property sits minutes from CTA Green Line and Red Line stations, multiple bus routes, and the Dan Ryan Expressway (I-90/94), giving tenants direct access to downtown Chicago, the Illinois Institute of Technology, the University of Chicago, McCormick Place, and the Hyde Park lakefront. Nearby attractions include the Bronzeville Walk of Fame along Martin Luther King Drive and the 31st Street Beach on Lake Michigan. Strong rental demand, established neighborhood fundamentals, and recent infrastructure updates make this Bronzeville 3 flat a compelling addition to any Chicago multi-family portfolio. The property is offered AS-IS, leaving room for investors to add value through cosmetic updates, unit-by-unit renovations, or repositioning. Schedule a private showing to evaluate this Bronzeville investment opportunity. Fully occupied building; 48 hour notice required.

MLS# 12649249Listed May 15, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms3
Total Rooms13

Size & Structure

Garage Spaces2
Year Built1895
Lot Size25X125

Location

CountyCook
TownshipHyde Park
Zip Code60615

Financial

List Price$650,000
Annual Taxes (2024)$9,881
Monthly Tax Est.$823
Parcel #20101090000000
Interior Features

Heating

Natural GasElectric

Basement

FinishedFullWalk-Out Access
Exterior & Lot

Construction

BrickStone

Roof

Rubber

Foundation

Brick/MortarStone

Patio & Porch

Porch
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesGarage OwnedDetachedGarage
HOA & Community

Community Features

Sidewalks
Tax & Financial
Annual Taxes
$9,881
Tax Year 2024
Monthly Tax Est.
$823
per month
Property Location

4823 INDIANA Avenue, Chicago, IL 60615Cook County

$650,000
4823 INDIANA Avenue
8 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
54 days on market
2-car garage
25X125
$9,881/yr taxes
$4,239
estimated monthly payment
Principal & Interest
$3,416/mo
Property Tax
$823/mo
$650,000
20% — $130,000
3%50%
6.875%
3%12%
Loan Amount
$520,000
Down Payment
$130,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Serene Realty, Inc.
Agent: Vadie Reese
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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