5410 S Indiana Avenue, Chicago, IL
  • $849,000

Description

Nestled in the heart of Chicago’s rapidly growing Washington Park neighborhood, this fully occupied, six-unit building offers a blend of stable cash flow and exceptional future potential. Located near the University of Chicago and the expansive Washington Park, this property is positioned to benefit from the area’s ongoing development, including the future Obama Presidential Center. With property values steadily rising, this investment represents a rare opportunity for savvy investors. Boasting a classic stone facade and a grand marble entryway, this well-maintained building exudes timeless charm. Each of the six spacious 3-bedroom, 1-bath units spans 1,800 square feet, featuring high ceilings, formal dining rooms, real pantries, private back decks, and beautiful bay windows that flood the interiors with natural light. Hardwood floors and well-kept common areas add to the appeal, ensuring tenant satisfaction and full occupancy. Additionally, the building generates extra income through coin-operated laundry facilities and offers gated parking with a two-car brick garage. With a solid history of long-term tenants, this property is a proven income generator. For investors looking to maximize returns, there is untapped potential in the lower level, where a 7th and possibly 8th unit could be developed, both areas have ingress and egress access. Updates include a 2011 boiler to enhance the property’s efficiency. The seller is open to discussing owner financing terms provided the seller is in first position with collateral, thereby expanding this armchair investment opportunity to the widest pool of entrepreneurs. This is your chance to make this Washington Park money maker work for you.

  • Listing Courtesy of: Berkshire Hathaway HomeServices Chicago

Details

Updated on June 28, 2026 at 3:51 am
  • Property ID MRD12601233
  • Price $849,000
  • Year Built 1892
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 20103100490000
  • Water Source Municipal Water
  • MLS Status Active
  • Days On Market 95
  • Cumulative Days On Market 405
  • Tax Annual Amount 14676.65
  • Directions East on Garfield Ave. North on Indiana to 5410 S.
  • BuildingAreaTotal 14841
  • StoriesTotal 3
  • Zoning MULTI
  • Address 5410 S Indiana Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60615
  • Country United States

Overview

Property ID: MRD12601233
  • Multi Family
  • Property Type
  • 1892
  • Year Built

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