4016 S Indiana Avenue Chicago, IL $ 594,900
4016 S Indiana Avenue
$ 594,900
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4016 S Indiana Avenue

Chicago, IL, 60653
$ 594,900
Bedrooms8 Baths3.0

Monthly Estimate*

$ 3,756

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Multi-Family Home for sale in Chicago, IL

for $594,900 with 8 bedrooms and 3 full baths. This home was built in 1906.

Outstanding opportunity to own a solid multi-unit building in the heart of Bronzeville/Grand Boulevard, one of Chicago's most dynamic and evolving neighborhoods. Located on THEE sought-after South Indiana Avenue, this property offers the flexibility and potential that today's investors and owner-occupants are seeking. The building features spacious 3-bedroom units on both the first and second floors, along with a finished lower level offering additional bedroom and bathroom space. The versatile layout provides multiple options for income generation, including long-term rentals, owner-occupancy with supplemental rental income, or future value-add opportunities. Additional highlights include a garage, on-site parking, and separate tenant-paid utilities, enhancing operational efficiency and investment appeal. Ideally situated near the South Loop, Lake Michigan, downtown Chicago, Hyde Park, public transportation, and major ongoing neighborhood development, this property is well-positioned for both current income and long-term appreciation potential. A rare opportunity for investors and owner-occupants alike to secure a property in one of Chicago's most historic and revitalized communities. Buyer to independently verify zoning, unit legality, rents, taxes, leases, expenses, and all MLS information.

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Multi-Family Active

Price

$ 594,900

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,167

Style

Year Built

1906

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12701934

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Zoning MULTI
Garage Spaces 1
Construction Materials Stone
Year Built 1906
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
Community Features Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status New
Directions From E 39th St and S Indiana Ave go South on S Indiana Ave to property at 4016 S Indiana Ave
High School Phillips Academy High School
City Chicago
High School District 299
MLS Area CHI - Grand Boulevard
Elementary School Beethoven Elementary School
Tax Annual Amount 4167
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
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
Exterior Amenities Balcony
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 1
Lot Dimensions 4025
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams Preferred Rlty

Broker

transactionsmanager@mattzmegagroup.com

Email

Affordability Calculator

$4,104
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,756
Monthly Property Taxes
$347
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.
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Nearby
5524626 Elementary School
566846 Middle School
Phillips Academy High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$594,900 Listed Price

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4016 S Indiana Avenue, Chicago, IL, 60653 is a Multi-Family Home for sale at $594,900. 4016 S Indiana Avenue has 8 bedrooms, 3.0 baths, and was built in 1906. The property's zip code is 60653 which is in Chicago, IL