4840 S Indiana Avenue
Chicago, IL, 60615 $ 4,240,000
Bedrooms6 Baths0.0 Monthly Estimate*
$ 26,452
for $4,240,000 with 6 bedrooms. This home was built in 1900 on a lot size of 0.46079.
7.5 CAP Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, and lifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal and functionality while fostering strong tenant communities. A rare opportunity to obtain a sizeable AAA turnkey footprint from the best of the best. Welcome to 4834-46 S Indiana, An Exquisite, Curated, Panoramic Campus of the Bronzeville Collection spans 125 x 160.58 just over a 1/2 acre perfectly positioned in Dynamic Bronzeville. A Classic Chicago All Masonry 23 Unit walk up with 20 parking spaces. The development team embraced this extensive undertaking showcasing superior craftsmanship and attention to detail with fully documented capital improvements and have hit every metric of turnkey asset offering abundant choice for numerous investment objectives. The scope of renovation and notable documented capital improvements interior and exterior include but not limited to extensive masonry & concrete, roof and gutters, common area and lobbies, deck system, central heating system, parking lot design and development, artesian sculptured iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds and parkway controlled by app, flagstone pavers, exotic tree placards emulating the Chicago Botanical Gardens listing the origin, name and year planted, custom designed and built outdoor BBQ and picnic tables, and bike room Unit Mix offers diverse floor plans for every price point (1) 3-bedroom 1 bath (16) 2- bedroom 1 bath (3) 1 bedroom 1 bath (3) Junior 1 bedroom 1 bath Fluid integration of endless details and appointments, bathed in natural light with panoptic vistas, offer rich transitional and modernist kitchens, quartz and granite, intricate tile applications, accessory niches, resort caliber baths, hardwood floors, premium mill work, central hot water heating system with individual a/c, washer dryers in unit, custom closets organizers, window treatments, dimmers, hi style designer lighting, use of all garden and grounds, the common area rival boutique hotel luxury complete with professional grade art offer a branded lifestyle that resonates with discerning residents and a soft sampling of the exhausting list of building and unit features. Rarely vacant An unparalleled investment opportunity 318,068.41k NOI Please see brokers private remarks for additional scaling opportunities.
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FeaturesGeneralCooling Window Unit(s)
Possession Closing Tenant's Rights
Zoning MULTI
Association Fee Includes None
Construction Materials Brick Stone
Year Built 1900
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Other
Stories Count 4
Township Hyde Park
Tax Year 2023
Current Use Multi-Family
Gross Income 479856
County Cook
Net Operating Income 318068
Operating Expense 138426
Insurance Expense 21606
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 8000
Status Active
Directions 49th to Indiana Ave North on Indiana to property
City Chicago
Number Of Units Total 23
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 20072
Tax Annual Amount 40811
Electric Expense 3948
Fuel Expense 15368
Trash Expense 4316
Water Sewer Expense 10286
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 7.5
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ExteriorFoundation Details Concrete Perimeter
Lot Dimensions 125 X 160.58
Frontage Type City Street
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* Excluded FeaturesList ByNorth Clybourn Group, Inc.Broker
karen@northclybourngroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $26,452
- Monthly Property Taxes
- $3,401
- 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $615,846
Percent of Sale Price 85%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/26/2025 | $4,240,000 | | Listed Price |