5134 S Indiana Ave, Chicago, IL
11 bd · 3 ba · 0 sqft Multi-Family listed at $550,000, built in 1898 in the Washington Park neighborhood.
About this home
Located in the sought after Washington Park neighborhood, this multifamily investment property at 5134 S Indiana Avenue presents an excellent opportunity for investors seeking value and upside potential. The property is conveniently situated near the University of Chicago Hospital and in close proximity to the Obama Presidential Library, adding long-term appeal and neighborhood growth potential. The building features a total of 11 bedrooms and 3 bathrooms, offering generous living space across multiple units. The second and third units include private balconies, providing outdoor space and added tenant appeal. With solid bones and strong rental potential, this property is ideal for an investor willing to add a little TLC to maximize value. Whether for long-term rental income or repositioning, this is a great opportunity to invest in a growing area of Chicago. In addition, the property features a garden-level space with an extra bedroom and bath, presenting a value-add opportunity to renovate and potentially convert into a fourth unit. The Property is being sold AS-IS
Property details
- Price
- $550,000
- Bedrooms
- 11
- Bathrooms
- 3
- Year built
- 1898
- Type
- Multi-Family
- Days on market
- 84
- Est. property tax
- $11,440/yr · $953/mo · 2.08% IL avg
Estimated monthly payment
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Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60615)
This neighborhood is primarily renter-occupied (31% owner-occupied). Median age is 34.7; 25% hold a bachelor's degree; median household income is $56,518.
- Median income
- $56,518
- Median age
- 34.7
- Owner-occupied
- 31.4%
- Bachelor's degree
- 25.3%
- Census median home value
- $306,400
Source: US Census Bureau American Community Survey 5-year estimates.
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