4823 S INDIANA Avenue Chicago, IL $ 650,000
4823 S INDIANA Avenue
$ 650,000
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4823 S INDIANA Avenue

Chicago, IL, 60615
$ 650,000
Bedrooms8 Baths3.0

Monthly Estimate*

$ 4,002

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Multi-Family Home for sale in Chicago, IL

for $650,000 with 8 bedrooms and 3 full baths. This home was built in 1895.

Opportunity is knocking in the heart of Bronzeville. This solid brick and stone gated 3-unit building offers the flexibility today's buyers are looking for, whether you're building a rental portfolio or creating a smart live-in investment strategy. The property features three units totaling approximately 8 bedrooms and 3 bathrooms, giving you options: rent all three, live in one and have all or part of your mortgage, or create a multi-generational setup. Recent updates including fresh paint and new carpeting add a clean, move-in ready feel, while the finished walk-out basement provides additional usable space for storage, expansion, or added value potential. The rear staircase allows convenient access to the upper unit and basement, creating a practical layout for both tenants and owners. Step outside to a spacious, fully fenced backyard, ideal for gatherings, outdoor enjoyment, or added tenant appeal. A detached 2.5 car garage adds even more functionality and convenience. Located just minutes from public transportation and the Dan Ryan Expressway, this property combines accessibility with long-term upside in one of Chicago's most established communities. Serious investors-this is your move. Opportunities like this in Bronzeville/Hyde Park do not sit. With strong income potential, flexible living options, and value-add upside, this building checks every box. Don't wait for someone else to claim it-schedule your private tour immediately and secure it before it's off the market. Property is being sold AS-IS.

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Multi-Family Active

Price

$ 650,000

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,880

Style

Year Built

1895

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12574692

Features
General
Sewer Public Sewer
Heating Natural Gas Electric
Possession Negotiable
Roof Rubber
Zoning MULTI
Garage Spaces 2
Construction Materials Brick Stone
Year Built 1895
Township Hyde Park
Tax Year 2024
Ownership Fee Simple
Gross Income 54000
Community Features Sidewalks
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 13
Status New
Directions 47TH ST E/W TO MICH. S TO 49TH E TO IND. N TO PROPERTY
City Chicago
High School District 299
MLS Area CHI - Grand Boulevard
Tax Annual Amount 9880.61
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full Walk-Out Access
Total Bedrooms 8
Total Baths 3
Bedrooms Possible 8
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Foundation Details Brick/Mortar Stone
Lot Dimensions 25X125
Waterfront Y/N N
Other Equipment Ceiling Fan(s)
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* Excluded Features
List By
Serene Realty, Inc.

Broker

vadie@serenerealtyinc.com

Email

Affordability Calculator

$4,825
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$823
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/24/2026$650,000 Listed Price

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4823 S INDIANA Avenue, Chicago, IL, 60615 is a Multi-Family Home for sale at $650,000. 4823 S INDIANA Avenue has 8 bedrooms, 3.0 baths, and was built in 1895. The property's zip code is 60615 which is in Chicago, IL