4030 S Indiana Avenue
Chicago, IL 60653
11
Bed
8
Bath
Legal 4-unit building in Bronzeville with a 3 Bed / 2 Bath unit available for owner occupancy. The property consists of (3) large 3 bed / 2 bath units and (1) 2 bed / 2 bath garden. Renovated in 2017, all units enjoy in-unit laundry, gas-forced air furnaces with duct work, and laminate counter tops. The property is being listed at an attractive 9.3x gross rent multiple or roughly 6.4% cap rate on in-place cash flows. If the existing lease roll were marked to current market rents, the property would generate $109,620 in gross annual income and stabilize at a 7.7% cap rate without the need for major renovations. Bronzeville continues to experience substantial residential and commercial development activity, driving long-term appreciation and rent growth. The building sits half a block from t
Property Details
Map
Map
Features
-
Bedroom Information
Total Bedroom: 11Bathroom Information
Total Baths: 8Room Information
Rooms Total: 23 -
Flooring Information
Construction Materials: Stone -
Heating & Cooling
Heating: Natural Gas WaterSource: Public
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Lot Information
Lot Dimensions: 3777 Lot Size: Less Than .25 AcreProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$895000
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Tax Information
Annual Tax: $13112.96 Tax Year: 2024 Parcel Number: 20031080400000
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Parking Information
Total Parking: 2 Unassigned, Yes
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Utility Information
Sewer: Public Sewer Water Source: Public -
Location Information
City: Chicago Direction: S Indiana Ave, just north of 41st St.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4316 S Michigan Avenue .., Chicago, IL, 60653 | $499,900 | 4 | 3 | 2,800 | 2,800 SqFt |
| 4557 S Prairie Avenue, Chicago, IL, 60653 | $739,000 | 4 | 4 | 2,100 | 2,100 SqFt |
| 4032 S Calumet Street #1S, Chicago, IL, 60653 | $390,000 | 3 | 3 | 1,800 | 1,800 SqFt |
| 3640 S Prairie Avenue, Chicago, IL, 60653 | $574,900 | 5 | 5 | 3,488 | 3,488 SqFt |
| 4451 S Indiana Avenue #2S, Chicago, IL, 60653 | $214,000 | 2 | 1 | 1,074 | 1,074 SqFt |
| 4316 S Michigan Avenue .., Chicago, IL, 60653 | $349,900 | 3 | 3 | 1,600 | 1,600 SqFt |
| 4351 S Vincennes Avenue.., Chicago, IL, 60653 | $435,000 | 3 | 2 | 1,500 | 1,500 SqFt |
| 543 E 43rd Street #2E, Chicago, IL, 60653 | $332,900 | 3 | 2 | 1,600 | 1,600 SqFt |
| 4321 S Ellis Avenue #2, Chicago, IL, 60653 | $330,000 | 3 | 2 | 1,800 | 1,800 SqFt |
| Undisclosed Address, Chicago, IL, 60653 | $350,000 | 3 | 3 | 1,600 | 1,600 SqFt |
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ByOwner last updated this listing 06/24/2026 @ 18:20
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