


4823 S INDIANA AvenueChicago, IL 60615
Multi-Family · 6 Beds4823 S INDIANA Avenue Overview
- Time on Site:
- 14 days
- Visits:
- 0
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.
4823 S INDIANA Avenue Facts & Features
- Type Multi-Family
Details
General
School Information
- School District: 299
Income/Expenses
- Gross Income: 54000
Building Information
- New Construction: No
- Year Built: 1895
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Grand Boulevard
- Township: Hyde Park
Community/Development
- Community Features: Sidewalks
Tax Information
- Tax Annual Amount: $9,880.61
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 20101090000000
- Property Type: Residential Income
- Special Listing Conditions: None
- Zoning: MULTI
Interior
Parking Information
- Half Baths Building: 0
- Garage Spaces: 2
Beds/Baths
- Bathrooms Total: 3
- Bedrooms Total: 8
- Bedrooms Possible: 8
- Full Baths Building: 3
General Information
- Basement: Finished, Full, Walk-Out Access
- Foundation Details: Brick/Mortar, Stone
- Heating: Natural Gas, Electric
- Other Equipment: Ceiling Fan(s)
- Rooms Total: 13
Exterior
Parking Information
- Parking Features: Yes, Garage Owned, Detached, Garage
- Parking Total: 2
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 25X125
- Water Source: Lake Michigan
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick, Stone
- Roof: Rubber
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 1700
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 1300
- Beds Total: 2
- Baths Total: 1
4823 S INDIANA Avenue Neighborhood
Community
60615 (Chicago) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.4823 S INDIANA Avenue Monthly Cost
4823 S INDIANA Avenue Market Data
Based on the last 30 days in this zip code
4823 S INDIANA Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/15/2026Source: MRED | June 15, 2026 |
|
| 9/2/2022Source: MRED | Closed |
|
| 7/7/2022Source: MRED | Contingent |
|
| 7/6/2022Source: MRED | Active |
|
| 7/1/2022Source: MRED | July 01, 2022 |
|
| 6/20/2022Source: MRED | January 27, 2022 |
|
| 6/20/2022Source: MRED | January 27, 2022 |
|
| 6/20/2022Source: MRED | January 27, 2022 |






























