4823 S INDIANA Avenue, Chicago, IL 60615
Description
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.
- Listing Courtesy of: Serene Realty, Inc.
Details
Updated on June 28, 2026 at 9:02 pm-
Property ID MRD12649249
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Price $650,000
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Bedrooms 8
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Garages 2
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Year Built 1895
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Property Type Multi Family
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Property Status Active
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Parking Total 2
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Parcel Number 20101090000000
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Water Source Lake Michigan
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Sewer Public Sewer
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MLS Status Active
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Co List Agent MLS ID MRD840017
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Days On Market 44
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Cumulative Days On Market 113
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Tax Annual Amount 9880.61
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Heating Natural Gas,Electric
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Parking Features Yes,Garage Owned,Detached,Garage
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Directions 47TH ST E/W TO MICH. S TO 49TH E TO IND. N TO PROPERTY
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Zoning MULTI
Address
Open on Google Maps- Address 4823 S INDIANA Avenue
- City Chicago
- State/county IL
- Zip/Postal Code 60615
- Country United States
Overview
- Multi Family
- 8
- 2
- 1895
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