Under Contract

5319 S Indiana Avenue

Chicago, IL 60615
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Bed 14

Bed

Bath 8

Bath

Calling all investors and owner-occupants to this rare Washington Park Greystone opportunity! This massive 4-unit property features an impressive 14 bedrooms and 8 bathrooms, offering size, flexibility, and income potential that is rarely available in today's market. Truly nothing else like it around. Located 5 miles from downtown, just 1.5 miles from the University of Chicago and within biking distance to Lake Michigan, the beach, Hyde Park, and the Obama Presidential Center, this property sits directly in the path of continued growth and development. New construction has already been completed throughout the block, additional development has broken ground next door, and values continue trending upward in this rapidly appreciating community. Including accommodating bike lanes. The buildin g features three oversized 4-bedroom, 2-bath units plus a 2-bedroom, 2-bath garden unit, creating strong rental income potential and excellent flexibility for owner-occupants. 2 occupied and 2 vacant, ideal for multigenerational living, or investors seeking long-term cash flow. Units offer spacious layouts, stainless steel appliances, primary bedroom suites with private baths, separate heating systems, and updated finishes throughout. Renovations and improvements were completed in2021, and 2023, including tuckpointing, new roof, hot water heaters, and updated mechanicals. 2026 new back porch. Select units include in-unit laundry room, with additional laundry hookups available. The oversized gated backyard offers room for entertaining and future garage or parking pad potential. Estimated market rents for the main units range from approximately $2,600-$3,000 per month, with the garden unit estimated between $1,700-$2,000 per month, making this an attractive opportunity for both immediate income and immediate/long-term equity growth. Whether you are looking to house hack, expand your portfolio, or secure a large multifamily asset in one of Chicago's evolving investment corridors, this property delivers location, scale, and upside all in one. Schedule your showing today and experience the opportunity for yourself.

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Detail Ic Property Details

Property Type : Residential Income

Price : $755,000

AD Id : 78933043

MLS Id : MRD12647110

Beds : 14

Year Built : 1898

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 14

    Bathroom Information

    Total Baths: 8

    Room Information

    Rooms Total: 28
  • Flooring Information

    Construction Materials: Stone, Concrete
  • Heating & Cooling

    Heating: Natural Gas WaterSource: Lake Michigan

  • Building Information

    Year Built: 1898

  • Lot Information

    Lot Dimensions: 3912 Lot Size: Less Than .25 Acre

    Property Information

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

  • Listing Price Information

    Original List Price:$755000

  • Tax Information

    Annual Tax: $9477.33 Tax Year: 2024 Parcel Number: 20103110060000 Tax Exemption: None

  • Parking Information

    Total Parking: 2 Garage Faces Side, Yes

  • School Information

    Senior High School: Hyde Park Career Academy Senior
  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan
  • Location Information

    City: Chicago Direction: N 0 S 5300 E 300 W 0
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1755 E 55th Street #605, Chicago, IL, 60615 $109,900 1 1 850 850 SqFt
1365 E 52nd Street #1E, Chicago, IL, 60615 $290,000 2 1 1,800 1,800 SqFt
4800 S Chicago Beach Dr.., Chicago, IL, 60615 $169,900 1 1 711 711 SqFt
5311 S Woodlawn Avenue #2, Chicago, IL, 60615 $349,900 3 2 1,517 1,517 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
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
1203 E 50th Street, Chicago, IL, 60615 $1,700,000 4 4 3,000 3,000 SqFt
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: MRED #12647110 LISTED BY: Darnisha Holliday, EXIT Strategy Realty 312-554-5478 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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