Listing provided courtesy of Serene Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12649249MLS Provider

4823 S INDIANA AvenueChicago, IL 60615

Multi-Family · 6 Beds
$650,000 Active

4823 S INDIANA Avenue Overview

Time on Site:
15 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.

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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

35
Median Age
14,432
Population Density (per sq. mile)
68%
College Educated
$44,658
Estimated Median Income
6,504
Estimated Total Home Owners
15,109
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4823 S INDIANA Avenue Market Data

Based on the last 30 days in this zip code

$411,555
Average List Price
$248
Average Price per Square Foot
30
Properties Sold
82
Average Days on Market
163
Properties for Sale
Calculations provided by Reliance Network

4823 S INDIANA Avenue History

Date Event Value Agent
6/15/2026Source: MRED Added to Database
June 15, 2026
9/2/2022Source: MRED Status Change
Closed
7/7/2022Source: MRED Status Change
Contingent
7/6/2022Source: MRED Status Change
Active
7/1/2022Source: MRED Added to Database
July 01, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022