Active

4823 S Indiana Avenue

Chicago, IL 60615

$650,000 $2,740/Mo

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Overview

Bed

Bath

Description

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 exposu re 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.

Property Details

Property Type : Residential Income

Price : $650,000

AD Id : 84908036

MLS Id : MRD12649249

Beds : 8

Year Built : 1895

Garage : 2

County : Cook

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedroom: 8

Bathroom Information

Total Baths: 3

Room Information

Rooms Total: 13

Interior Features

Roof: Rubber

Roofing Information

Rubber
Flooring Information

Construction Materials: Brick, Stone
Heating & Cooling

Heating: Natural Gas, Electric WaterSource: Lake Michigan

Building Information

Year Built: 1895

Lot Information

Lot Dimensions: 25X125 Lot Size: Oversized Chicago Lot

Property Information

Property Type: Residential Income Sub Type: Two to Four Units

Listing Price Information

Original List Price:$650000

Tax Information

Annual Tax: $9880.61 Tax Year: 2024 Parcel Number: 20101090000000 Tax Exemption: None

Parking Information

Total Parking: 2 Yes, Garage Owned, Detached, Garage Is Parking Included in Price: Yes

Garage Information

Garage Space: 2

Utility Information

Sewer: Public Sewer Water Source: Lake Michigan
Location Information

City: Chicago Direction: 47TH ST E/W TO MICH. S TO 49TH E TO IND. N TO PROPERTY

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4800 S Saint Lawrence A.., Chicago, IL, 60615	$270,000	3	2	1,800	1,800 SqFt
1223 E Hyde Park Boulev.., Chicago, IL, 60615	$349,900	3	2	2,000	2,000 SqFt
4740 S Ingleside Avenue.., Chicago, IL, 60615	$325,000	3	2	1,800	1,800 SqFt
5446 S Kimbark Avenue #2, Chicago, IL, 60615	$879,000	3	2	1,629	1,629 SqFt
5400 S Hyde Park Boulev.., Chicago, IL, 60615	$460,000	3	2	--
1233 E 53rd Street #2, Chicago, IL, 60615	$220,000	2	1	1,000	1,000 SqFt
5168 S Wabash Avenue, Chicago, IL, 60615	$435,000	4	3	2,094	2,094 SqFt
1755 E 55th Street #605, Chicago, IL, 60615	$109,900	1	1	850	850 SqFt
5000 S East End Avenue .., Chicago, IL, 60615	$254,500	2	2	1,628	1,628 SqFt
5421 S Cornell Avenue #14, Chicago, IL, 60615	$630,000	4	3	2,400	2,400 SqFt

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ByOwner last updated this listing 06/18/2026 @ 06:20

MLS: MRED #12649249 LISTED BY: Vadie Reese, Serene Realty, Inc. 312-650-7940 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)