Active

$550,000

5134 Indiana

Chicago, IL 60615

11
Bedrooms
3
Bathrooms
Sq Ft
1898
Year Built

About This Property

Located in the sought after Washington Park neighborhood, this multifamily investment property at 5134 S Indiana Avenue presents an excellent opportunity for investors seeking value and upside potential. The property is conveniently situated near the University of Chicago Hospital and in close proximity to the Obama Presidential Library, adding long-term appeal and neighborhood growth potential. The building features a total of 11 bedrooms and 3 bathrooms, offering generous living space across multiple units. The second and third units include private balconies, providing outdoor space and added tenant appeal. With solid bones and strong rental potential, this property is ideal for an investor willing to add a little TLC to maximize value. Whether for long-term rental income or repositioning, this is a great opportunity to invest in a growing area of Chicago. In addition, the property features a garden-level space with an extra bedroom and bath, presenting a value-add opportunity to renovate and potentially convert into a fourth unit. The Property is being sold AS-IS

MLS# MRD12558337Listed 1/31/2026Residential Income

Property Details

Interior Features

Stories
Cooling
HeatingNatural GasRadiator(s)
Garage SpacesYesGarage OwnedDetachedGarage

Location & Exterior

CountyCook
Subdivision
Lot Size

School Information

Elementary
Burke Elementary School
Middle School
High School
Phillips Academy High School

Property Location

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Property Summary

Price
$550,000
Location
Chicago, IL
Property Type
Residential Income
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Equal Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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