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Listed by Ebony Parkerof Gee Exclusive Realty Group
$ 550,000
Est. payment /mo
Active Under Contract
5134 S Indiana Avenue Chicago, IL 60615
11 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12558337
Bedrooms 11
Year Built 1898
Annual Tax Amount $4,664
Tax Year 2023
Lot Dimensions 27.8 x162.2
Property Sub-Type Two to Four Units
Property Description
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
Location
State IL
County Cook
Rooms
Basement Partially Finished, Partial
Interior
Heating Natural Gas, Radiator(s)
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Storm Sewer
Water Lake Michigan
Structure Type Brick,Concrete
New Construction false
Schools
Elementary Schools Burke Elementary School
High Schools Phillips Academy High School
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition Standard
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