Active
4030 S Indiana Avenue, Chicago, IL
  • $895,000

Description

Legal 4-unit building in Bronzeville with a 3 Bed / 2 Bath unit available for owner occupancy. The property consists of (3) large 3 bed / 2 bath units and (1) 2 bed / 2 bath garden. Renovated in 2017, all units enjoy in-unit laundry, central air conditioning, and granite counter tops. The property is being listed at an attractive 9.3x gross rent multiple or roughly 6.4% cap rate on in-place cash flows. If the existing lease roll were marked to current market rents, the property would generate $109,620 in gross annual income and stabilize at a 7.7% cap rate without the need for major renovations. Bronzeville continues to experience substantial residential and commercial development activity, driving long-term appreciation and rent growth. The building sits half a block from the CTA Green line station, providing a short commute downtown for owners and tenants alike.

  • Listing Courtesy of: Essex 312, LLC

Details

Updated on June 16, 2026 at 6:01 am
  • Property ID MRD12677712
  • Price $895,000
  • Bedrooms 11
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 2
  • Parcel Number 20031080400000
  • Water Source Public
  • Sewer Public Sewer
  • MLS Status New
  • Co List Agent MLS ID MRD1017906
  • Cumulative Days On Market 1
  • Tax Annual Amount 13112.96
  • Heating Natural Gas
  • Parking Features Unassigned,Yes
  • Directions S Indiana Ave, just north of 41st St.

Address

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  • Address 4030 S Indiana Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60653
  • Country United States

Overview

Property ID: MRD12677712
  • Multi Family
  • Property Type
  • 11
  • Bedrooms

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