4823 S INDIANA Avenue
Chicago, IL, 60615 $ 650,000
Bedrooms8 Baths3.0 Monthly Estimate*
$ 4,104
for $650,000 with 8 bedrooms and 3 full baths. This home was built in 1895.
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.
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FeaturesGeneralSewer 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 Active
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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InteriorBasement 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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ExteriorParking 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 FeaturesList BySerene Realty, Inc.Broker
vadie@serenerealtyinc.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,104
- Monthly Property Taxes
- $823
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $618,447
Percent of Sale Price 5%
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.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/15/2026 | $650,000 | | Listed Price |