5410 S Indiana Avenue Chicago, IL $ 899,000
5410 S Indiana Avenue
$ 899,000
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5410 S Indiana Avenue

Chicago, IL, 60615
$ 899,000
Bedrooms3 Baths0.0 Sq 14,841

Monthly Estimate*

$ 5,609

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Multi-Family Home for sale in Chicago, IL

for $899,000 with 3 bedrooms. This 14,841 square foot home was built in 1892.

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.

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Multi-Family Active

Price

$ 899,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 9,078

Style

Multi-Family

Year Built

1892

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12487756

Features
General
Utilities Sewer Connected
Possession Closing Tenant's Rights
Zoning MULTI
Construction Materials Brick Stone
Year Built 1892
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity
Stories Count 3
Tax Year 2023
Current Use Multi-Family
Gross Income 123036
County Cook
Net Operating Income 101988
Operating Expense 11969
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 3487
Status Active
Directions East on Garfield Ave. North on Indiana to 5410 S.
City Chicago
Number Of Units Total 6
MLS Area CHI - Washington Park
Tax Annual Amount 9078.34
Electric Expense 714
Fuel Expense 6170
Trash Expense 1345
Water Sewer Expense 3739
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10.4
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Exterior
Water Source Municipal Water
Building Area Total 14841
Lot Dimensions 50X161
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

pfrischer@bhhschicago.com

Email

Affordability Calculator

$6,365
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,609
Monthly Property Taxes
$757
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/28/2025$899,000 -7.22% Price Down
10/9/2025$969,000 Listed Price

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5410 S Indiana Avenue, Chicago, IL, 60615 is a Multi-Family Home for sale at $899,000 with 14,841 sqft. 5410 S Indiana Avenue has 3 bedrooms, 0.0 baths, and was built in 1892. The property's zip code is 60615 which is in Chicago, IL